54 Glennandrew Drive, Half Moon Bay, Auckland - Manukau

Nestled at the foot of Pigeon Mountain, this meticulously maintained property at 54 Glennandrew Drive, Half Moon Bay, Auckland, is a residential gem with immense potential. The freehold property, built in 1983 with a fibrous cement exterior and tiled roof in good condition, boasts 8 bedrooms, 2 carparks, and a floor area of 258sqm on a 624sqm section with an easy/moderate rise contour. The capital value has seen a remarkable increase of 85.48%, from $1,550,000 in 2017 to $2,875,000 as of June 2021. HouGarden AVM estimates the property at $2,428,500, making it an attractive prospect, especially considering the latest sale history of $415,000 in 2005 and $255,000 in 1996.

With a CV of $2,875,000, this property offers a unique opportunity to pay down the mortgage faster, thanks to the additional legal dwelling and sleepout, which could be utilized for rental income or Air BNB. The main house features 4 bedrooms, 2 bathrooms, and an open plan living area with a heat pump, while the legal minor dwelling is compliant with Healthy Homes Standards and has 2 bedrooms, 2 bathrooms, and its own heat pump. The sleepout adds further value with an open plan lounge, wet bar, 2 bedrooms, a study, and 2 bathrooms.

Educationally, the property is zoned for top-rated schools, including Sancta Maria College (Decile 7), Macleans College (Decile 9), Bucklands Beach Intermediate (Decile 9), Pigeon Mountain School (Decile 8), and Macleans Primary School (Decile 7). This combination of location, quality, and potential makes it an exceptional investment for those looking to think outside the square.

Updated on May 06, 2024