1 Cove Lane, Mount Wellington, Auckland

Nestled in the exclusive Waipuna Cove on a serene cul-de-sac, this 4-bedroom freehold property is a gem in the Mount Wellington neighborhood of Auckland. Constructed in 1992 with mixed materials for the walls and iron for the roof, both in good condition, the residence boasts a floor area of 259 sqm on a 700 sqm land area. The property has experienced a remarkable Capital Value increase of 63.13% from $1,600,000 in 2017 to $2,610,000 as of June 2021. The HouGarden AVM estimates the property's worth at $2,430,000, while the latest sale was in 2008 for $600,000.

With a CV growth rate that outpaces the market, this home is not just an investment but a smart one. It features solid oak flooring, high raked ceilings, and a gas fireplace complemented by wall-mounted heat pumps and solar panels, making it both energy-efficient and luxurious. Its split-level design optimizes the northern aspect, offering views of the lagoon and the Sky Tower, hinting at the nearby city center.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Baradene College (decile 9), Edgewater College (decile 2), One Tree Hill College (decile 3), and Sylvia Park School (decile 2), ensuring access to quality education.

Updated on May 13, 2024