5 Rathlin Street, Blockhouse Bay, Auckland

Nestled in the serene cul-de-sac of 5 Rathlin Street, Blockhouse Bay, Auckland, this charming 2-bedroom residential unit is a freehold property. Constructed in 1960 with solid brick walls and an iron roof, both in good condition, it sits on a flat 425m2 section. The interior has been refurbished to include modern amenities like a heat pump and HRV ventilation system, adhering to Healthy Homes standards. The property features a lock-up garage and a private driveway, adding to its appeal as a versatile investment, first home, or retirement option. With a government capital value of $1,000,000 as of June 2021, it has shown a 32.45% increase since July 2017. The HouGarden AVM estimates it at $975,000, making it a property with significant potential for capital gains.

History shows that this property has been appraised at $755,000 in July 2017, indicating a rapid CV increase. The recent sales in the area further validate the investment potential. Zoned for Mixed Housing Urban, the location is prime, opposite the Blockhouse Bay Recreation Reserve, with easy access to the village, beach, and public transport. It falls within the decile 5 Blockhouse Bay Intermediate, decile 7 Blockhouse Bay School, and decile 6 Lynfield College school zones, making it an ideal choice for families.

For those considering the educational aspect, the property is zoned for highly regarded schools. Blockhouse Bay Intermediate and Blockhouse Bay School offer quality primary education, while Lynfield College caters to secondary education. The schools' high decile ratings reflect the area's investment in education. This property not only promises a comfortable living environment but also quicker capital gains and a sound investment in a sought-after school zone.

Updated on August 21, 2024