592h Whangaparaoa Road, Stanmore Bay, Auckland - Rodney

Nestled at 592h Whangaparaoa Road, this versatile property in Stanmore Bay, Auckland - Rodney, is a gem on the market. It boasts a 3-bedroom, 1-bathroom layout with a floor area of 157 square meters and is governed by a Unit Title. Constructed in 2000, the property features wood exterior walls in good condition and an iron roof同样in excellent shape. This dual-income property, with a current government valuation of $590,000, has seen a CV increase of 11.32% since 2017, reflecting a growing investment potential. The latest sale in 2020 amounts to $550,500, while the HouGarden AVM estimates the property at $562,500.

Financially, the property is a winner, delivering a 7.9% gross yield and currently generating $905 per week in rental income. Its prime location, near the upcoming Penlink development and shopping amenities, further enhances its business and lifestyle potential. The property's modern build with durable materials assures peace of mind for any homeowner or investor.

For families with school-aged children, the property falls within the zones of Stanmore Bay School, a contributing school with a decile rating of 8, and Whangaparaoa College, a secondary school with a decile rating of 9. This combination of investment value and educational opportunity makes it a must-consider for those seeking a sound real estate investment.

Updated on October 18, 2024