3b Mountain Road, Mount Wellington, Auckland

Nestled in the heart of Mount Wellington, this cozy one-bedroom, one-bathroom unit with a brick exterior and iron roof is a prime example of affordable living. Built in 1970, this unit titled property offers a level contour and an average condition for both walls and roof. With a floor area of 36sqm and no car parks, it's perfect for those seeking a cost-effective entry into the property market. The location is key, being less than 600m from Panmure train station and conveniently positioned between Lunn Ave, Ellerslie village, and Sylvia Park, with easy access to SH1 and the arterial route to east Auckland. The property has seen a CV increase of 30.61% from $245,000 in 2017 to $320,000 as of June 2021, with a HouGarden AVM of $300,000. The latest sale was in 2000 for $53,500. This property falls within the zones of Baradene College (decile 9), One Tree Hill College (decile 3), and Panmure District School (decile 2), offering a desirable educational catchment area.

For the investor, a yield of over 6% makes this an attractive opportunity. Whether you're after a first home, a lock up and leave for out-of-towners, or a secure investment, this property presents an attainable and strategic purchase in a sought-after location.

With its close proximity to quality schools, this property is an ideal choice for families. Baradene College, a secondary school with a decile rating of 9, One Tree Hill College, a secondary school with a decile rating of 3, and Panmure District School, a full primary school with a decile rating of 2, are all within easy reach, ensuring a high standard of education for children of all ages.

Updated on May 28, 2024