3/65 Ferndale Road, Mount Wellington, Auckland

Located at 3/65 Ferndale Road, Mount Wellington, Auckland - City, this classic 1950s unit offers an excellent opportunity for first-time buyers, investors, or young families. Featuring 3 bedrooms, 1 bathroom, and a floor area of 80m², this property is a testament to the charm and durability of its era. The brick construction and iron roof, both in fair condition, promise longevity and ease of maintenance. Despite its age, the property has been recently updated with a fresh coat of paint, new carpet, and a renovated bathroom, ensuring a modern touch of comfort. The open-plan lounge and dining area, adjacent to a functional kitchen, leads to a cosy, fully fenced backyard - perfect for low-maintenance outdoor enjoyment. With no body corporate fees and including a carport plus additional off-street parking, this cross-lease property is a gem in the residential market.

Financially, the property has shown impressive growth, with the capital value increasing from $710,000 in July 2017 to $910,000 in June 2021, marking a 28.17% increase. The HouGarden AVM estimates its value at $872,500. Its sale history reveals a significant appreciation over the years, with the latest sale in June 2009 at $307,000, up from $81,000 in February 1994. This steady growth underscores the property's investment potential and the opportunity for capital gains.

Education is a priority for many families, and this property does not disappoint. It is zoned for One Tree Hill College and Bailey Road School, both offering a supportive and enriching learning environment. Additionally, it is within the school zones of Baradene College, known for its high decile rating of 9, Stanhope Road School, and One Tree Hill College, ensuring a range of educational options for children of all ages. The property's location near Ellerslie Village, major motorways, the train station, and Sylvia Park Shopping Centre further enhances its appeal, offering convenience and lifestyle benefits.

Updated on April 05, 2024.