Nestled in the serene Castor Bay, this charming residence at 1/74 Beach Road offers a lifestyle of convenience and comfort. Constructed in the 1940s with wood exterior walls and a mixed-material roof, this cross-lease property has been well maintained with a good wall and roof condition. It boasts 3 bedrooms, 1 bathroom, a single carpark, and a floor area of 100 square meters. The property's capital value has seen a significant increase, rising from $1,125,000 in 2017 to $1,375,000 as of June 2021, reflecting a growth of 22.22%. The latest valuation from HouGarden AVM estimates the property at $1,028,500.
On the market, the last sale was recorded in 2009 at $575,500, following a previous sale in 2006 at $575,000. This home is not only a sound investment but also a perfect fit for families, being in the zone for top-rated schools such as Campbells Bay School (decile 10), Murrays Bay Intermediate (decile 10), Wairau Intermediate School (decile 7), Westlake Boys' High School (decile 9), and Westlake Girls' High School (decile 9).
Located in a quiet cul-de-sac, the residence is just a short walk to the beach, offering sea views and easy access to the best that the Bays have to offer. This is a rare opportunity to own a piece of real estate in a highly sought-after location, with motivated vendors ready to pass on the keys to the next fortunate resident.
Updated on May 17, 2024