35 Masterton Road, Rothesay Bay, Auckland - North Shore

Nestled in the highly sought-after coastal location of Rothesay Bay, this versatile property on 35 Masterton Road presents a rare opportunity to own a legal home and income. Constructed in 2000 with high-quality cedar and concrete block, the 220sqm floor area is complemented by a stunning iron roof and wood exterior walls in good condition. The 610m2 freehold site is situated in a quiet beachside cul-de-sac, boasting easy/moderate fall contour and sea views, just a stone's throw from the golden sands of Rothesay Bay Beach. It includes 7 bedrooms, 3 carparks, and a separate legal minor unit with 3 bedrooms and 1 bathroom, offering versatile living options ideal for rental income, Airbnb, extended family, or independent young adults. The property, zoned for top schools like Rangitoto College and Browns Bay Primary, has seen a capital value increase with a CV of $2,500,000 as of June 2021. The latest sale was recorded at $2,280,000 in September 2024, showing a significant growth from the $460,000 sale in 1996. HouGarden AVM estimates the property's value at $2,319,500, making it an attractive investment well below the CV.

With a history of appreciating value and a prime location in a desirable school zone, this property is perfect for families, executives, downsizers, and investors. The motivated vendor is open to reasonable offers, presenting a golden opportunity to secure a valuable asset in a picturesque setting.

Educationally endowed, the property falls within a high decile school zone, including the esteemed Rangitoto College and Browns Bay Primary, ensuring quality education for the family.

Updated on November 06, 2024