90 Lincoln Street, Ponsonby, Auckland

Nestled in the heart of Ponsonby, Auckland, this charming freehold property boasts 3 bedrooms, a spacious living area, and a single carpark. Constructed in 1900 with wood walls and an iron roof, both in good condition, it stands on a steep rise with a floor area of 140 square meters and a land area of 333 square meters. The house offers the potential to transform into a 3-4 bedroom, 2-3 bathroom home, with an extended rear providing an open plan living space that leads to a private, leafy garden. From the front veranda, one can enjoy expansive views and abundant sunshine. With a current Capital Value (CV) of $2,650,000 as of June 2021, it has shown a growth rate of 37.66% since July 2017. This property is perfect for those looking to renovate and add value.

As for the valuation history, the HouGarden AVM estimates the property at $2,625,000, while the latest sales were recorded at $360,000 in 2002 and $55,000 in 1984. This indicates a significant appreciation over the years. The property is located in a sought-after school zone, with Western Springs College, Richmond Road School, Ponsonby Intermediate, and Auckland Girls' Grammar School all within reach, boasting decile ratings of 8 and 9, ensuring quality education for the family.

Just steps away from the vibrant Ponsonby Road, where restaurants, cafes, and shopping await, this property offers both convenience and potential. It's a rare opportunity to own a character villa in need of renovation, where you can unleash your creativity and reap the rewards of your investment.

Updated on November 14, 2024