11/218 Captain Springs Road, Onehunga, Auckland

Located at 11/218 Captain Springs Road, Onehunga, Auckland - City, this modern residential property offers a unique blend of comfort and convenience. With a floor area of 116sqm spread over three levels, the property features three bedrooms, two bathrooms, and a north-facing courtyard garden. The open-plan living and dining area, complemented by a full-sized kitchen with a gas cooktop and dishwasher, opens onto a sunny deck. The ground floor houses a bedroom with an ensuite and a garage, currently utilized as an office space. The property's exterior boasts roughcast walls in good condition and an iron roof, also in good condition. Built in 2000 on a level contour, this unit title property is part of a complex that includes shared garden and playground facilities, managed by a well-organized body corporate.

The property has seen a significant increase in capital value, from $560,000 in July 2017 to $720,000 in June 2021, marking a 28.57% growth. The HouGarden AVM estimates its value at $710,000. Historically, the property was sold for $530,000 in December 2016 and $340,000 in December 2012. This property presents an excellent investment opportunity, with the current tenants expressing interest in staying on, generating a rental income of $875 per week.

Situated in a prime location, the property is zoned for several reputable schools, including Baradene College (Secondary, Decile 9), Royal Oak Intermediate School (Intermediate, Decile 2), Te Papapa School (Contributing, Decile 2), and One Tree Hill College (Secondary, Decile 3). This makes it an ideal choice for families seeking quality education for their children.

Updated on April 02, 2024.