2 Colchester Avenue, Glendowie, Auckland

Nestled in the esteemed Glendowie neighborhood of Auckland, this charming 4-bedroom, freehold property on 2 Colchester Avenue boasts a CV of $2,775,000 as of June 2021, showcasing a remarkable increase of 58.57% from its $1,750,000 valuation in July 2017. Constructed in 1950 with roughcast walls and tiled roofing, the dwelling sits on a level plot of 796 sqm, featuring a floor area of 150 sqm and a single carpark. The home's north-facing aspect and ducted heating-cooling system ensure warmth throughout the year, while the detached sleepout offers additional privacy and convenience.

With a HouGarden AVM of $2,582,500 and a latest sale history of $1,750,000 in 2018, this property presents a compelling investment opportunity. Notably, the previous sale in 2010 was for $700,000, highlighting the consistent capital value growth. The property is zoned for Mixed Housing Suburban, holding appeal for developers and investors seeking to capitalize on the generous, flat site.

For families, the property falls within the highly sought-after Glendowie School and Glendowie College zones, both decile 10 institutions. Baradene College, a secondary school with a decile rating of 9, and St. Ignatius School, a contributing primary with a decile 10 rating, are also in close proximity. This combination of location, potential, and educational opportunities makes this property an elevated prospect on a corner site.

Updated on May 31, 2024