130 Kohimarama Road, Kohimarama, Auckland

Nestled on a generous 1762m² section, this 5-bedroom property with a floor area of 298m² presents a golden opportunity for renovation or redevelopment. Constructed in 1964 with roughcast walls and an iron roof, both in good condition, the freehold property is located at 130 Kohimarama Road, a quiet cul-de-sac in the heart of Kohimarama, Auckland. The property's capital value has seen a significant increase from $3,100,000 in 2017 to $3,950,000 as of June 2021, reflecting a growth rate of 27.42%. Historically, the property sold for $280,000 in 1999 and $300,000 in 1997, highlighting its appreciating value. The HouGarden AVM estimates the property's worth at $3,787,500, making it an attractive prospect for investors.

For families, the property falls within the zones of top-rated schools, including Baradene College (Decile 9) for secondary education, Selwyn College (Decile 4), Kohimarama School (Decile 10) for full primary education, and St Ignatius School in St Heliers (Decile 10) for contributing education. This ensures a quality education for children of all ages.

With a prime location, solid construction, and excellent school zones, this property is a rare find in the Bays, offering a chance to save $1 million while scoring a 1/3 acre paradise.

Updated on October 22, 2024