1/18 Marei Road, Ellerslie, Auckland

Nestled in the heart of Ellerslie, Auckland, this charming residential unit at 1/18 Marei Road boasts 2 bedrooms, 1 bathroom, and a carpark-free environment, ideal for a low-maintenance lifestyle. Constructed in 1940 with solid brick walls and an iron roof, both in good condition, this cross-lease property sits on a level contour with a floor area of 72 square meters. The current government valuation (CV) stands at $900,000 as of June 2021, showcasing a 31.39% increase from the $685,000 valuation in July 2017. The property's unique selling points include its prime location, character-filled spaces, and a private yard perfect for summer gatherings.

With a HouGarden AVM of $892,500 and a latest sale history of $680,000 in 2015 and $435,000 in 2013, this property presents a sharp investment opportunity. The CV growth trajectory and the potential for further value addition make it an attractive prospect for both first-time buyers and investors. The kitchen, with its separate and tidy layout, holds promise for those looking to add their personal touch and enhance the open-plan living space.

Educationally, the property falls within the zones of several reputable schools. Baradene College, a secondary school with a decile rating of 9, Oranga School with a decile rating of 3, Ellerslie School, a full primary with a decile rating of 9, and One Tree Hill College, a secondary school with a decile rating of 3, are all within easy reach. This makes the property an excellent choice for families with children of different ages.

Updated on November 29, 2024