5/66 Waiatarua Road, Remuera, Auckland

Nestled in the esteemed Remuera, this 2-bedroom, 1-bathroom unit with a single carpark presents an attractive opportunity. Constructed in 1966 with brick walls and tiled roofing, it sits on a cross-lease title. The property boasts a floor area of 99 square meters and is situated in a quiet cul-de-sac at 5/66 Waiatarua Road. The government's capital value (CV) has seen a steady increase from $740,000 in 2017 to $810,000 as of June 2021, indicating a growth rate of 9.46%. The HouGarden AVM estimates the property's value at $790,000, while the latest sales were recorded at $365,000 in 2007 and $242,000 in 2002.

With a CV on the rise and a prime location, this property is a solid investment. It's a perfect blend of potential and comfort, with brand new flooring and carpeting, a sun-filled living area, and versatile spaces that could serve as a study or work-from-home setup. The large single garage and adjacent flexible room provide additional utility. Storage and workshop spaces further enhance the property's appeal. The address is within walking distance to top-rated schools such as Baradene College (decile 9) and Meadowbank School (decile 10), making it an ideal choice for families.

Set in a family-friendly street with easy access to amenities, parks, and transport, this property is not just a home but a 'must secure' opportunity in a supreme postcode.

Updated on August 29, 2024