Nestled in the esteemed Double Grammar Zone of Remuera, this charming residence at 3 Tonks Street presents a unique opportunity. The 3-bedroom home, built in 1970 with a roughcast exterior and tiled roof, sits on a level contour with an average wall and roof condition. It boasts a floor area of 204 square meters, 2 carparks, and a cross-lease ownership type. The property has seen a significant Capital Value increase of 13.04%, from $1,725,000 in 2017 to $1,950,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,629,500, while the latest sale history dates back to 1992 at $347,500.
With a prime location, the property is in close proximity to Auckland Grammar, Epsom Girls' Grammar School, Baradene College, Remuera Intermediate, and Remuera School, all of which are in the top decile ratings. The residence, whether for investment, extended family living, or as a home and income prospect, stands securely within a fenced site, just 500m from the amenities of Orakei Bay Village and 100m from the Orakei Basin. Commuters will appreciate the easy access to the CBD and the convenience of the Orakei Train Station.
Whether you choose to purchase this property or its adjacent counterpart at 3A Tonks Street, or even both, you are guaranteed an premium investment in a sought-after school zone.
Updated on August 20, 2024