1/83 Barrack Road, Mount Wellington, Auckland

Nestled in the heart of Mount Wellington, Auckland, this inviting family home at 1/83 Barrack Road boasts a prime location and potential for value addition. Constructed in 1970 with a robust fibrous cement exterior and a reliable tile roof, the property is a cross-lease with a floor area of 110 sqm. The 3-bedroom residence is complemented by an open-plan living space, a converted garage offering a large utility room, and ample storage. Notably, the property's Capital Value (CV) has seen a 37.5% increase from $720,000 in 2017 to $990,000 as of June 2021, while the HouGarden AVM estimates it at $965,000. The latest sales were in 2004 for $240,000 and 2003 for $215,000.

For families with school-aged children, the property falls within the zones of the highly regarded Baradene College (decile 9) and Stanhope Road School (decile 4), among others. This addresses both educational needs and future investment value. The residence is a mere 4 minutes away from Sylvia Park shopping centre, restaurants, and the train station, enhancing its appeal and convenience.

With a 'Do Up & Add Value!' teaser, this property presents a golden opportunity for those looking to enter a desirable school zone and benefit from a rapidly appreciating CV in a sought-after location.

Updated on August 28, 2024