Nestled in the serene Park Lane of Orewa, Auckland, this residential apartment boasts a 2-bedroom configuration with a single carpark. Constructed with wood exterior walls and an iron roof, the property sits on a level contour. Despite the poor condition of both the walls and roof, the unit holds a promising government valuation, which has seen a significant increase from $910,000 in 2017 to $1,200,000 as of June 2021, reflecting a growth rate of 31.87%. The latest sale history points to a transaction of $983,000 in 2024, up from $639,000 in 2014.
With a floor area of 132 square meters and under a Unit Title ownership, this property is valued at $1,205,000 according to the HouGarden AVM. The location is further enhanced by its proximity to the Orewa Beach School, a contributing primary with a decile rating of 7, and Orewa College, a secondary school with a decile rating of 9, making it an attractive option for families.
Updated on September 11, 2024