Nestled on a prime 819 sqm freehold section at 26 Beagle Avenue, Wesley, Auckland, this vacant land with an existing 1 bathroom home from 1940 presents a golden opportunity for developers. The property, featuring brick walls and tiled roofing in average condition, is zoned for Terraced Housing and Apartment Buildings (THAB), allowing for high-density development. The capital value has seen a significant increase of 41.43% from $1,255,000 in 2017 to $1,775,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,760,000, while the latest sale was recorded in 1992 for $113,500. This site not only benefits from its proximity to the SH20 motorway but also from being within the catchment of esteemed Mt Albert Grammar School (Decile 7) and other local schools.
With a gently sloping contour and a sizeable land area, this property is ideal for creating a significant project in the rapidly growing Mt Roskill area. The site's potential is further enhanced by its location in a quiet cul-de-sac, close to amenities and public transport, offering both convenience and accessibility. Whether it's building multiple dwellings or a boutique apartment complex, this is a rare chance to leave a lasting mark in a highly sought-after location.
For families, the property falls within the zones of Wesley Primary School (Decile 1) and Wesley Intermediate, providing a range of educational options. With a clear CV growth trajectory and a promising future, this is an opportunity not to be missed.
Updated on November 08, 2024