37 Bay Street, Red Beach, Auckland - Rodney

Nestled in a serene cul-de-sac at 37 Bay Street, Red Beach, Auckland - Rodney, this 1992-built residence boasts 3 bedrooms, 1 bathroom, and 2 car parks. The 97sqm floor area is complemented by an expansive 809sqm freehold section with a north-facing aspect, ensuring ample sunlight throughout the day. The Iron roof and Wood exterior walls are both in good condition, reflecting the property's well-maintained status. Since 2017, the Capital Value (CV) has seen a remarkable increase of 32.18%, reaching $1,150,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,067,500, while the latest sales in 2019 and 2013 were at $870,000 and $660,000 respectively.

With a CV growth rate that outpaces the market average, this property is not just a home but a sound investment. It is zoned for Red Beach School, Orewa College, and Whangaparaoa College, all with a decile rating of 9, indicating the high quality of education in the area. The location is key, being within walking distance to the picturesque Red Beach, local amenities, and with easy access to the Silverdale motorway connection, making the commute to Auckland CBD and North a breeze.

This property, set in a Residential-Mixed Housing Urban Zone, is perfect for developers, investors, or first-home buyers. It comes with a generous, fully fenced section, a large covered outdoor decking, ample off-street parking, and a double garage. The potential is clear, with Resource Consent already granted for 7 townhouses. This is an opportunity not to be missed by the discerning buyer.

Updated on June 14, 2024