6e/2 Eden Crescent, Auckland Central, Auckland

This unique studio apartment located at 6e/2 Eden Crescent, Auckland Central, Auckland - City, offers a compact yet promising investment opportunity. Built in 1998, the apartment spans a floor area of 31 square meters and is characterized by its concrete walls and iron roofing, both in average condition. The property, categorized under Residential - Apartments, operates under a Unit Title ownership, emphasizing its suitability for individuals seeking a straightforward property arrangement. Despite lacking car parking facilities, its strategic location and the potential for capital gains make it an attractive proposition.

Historically, the capital value of this apartment has seen fluctuations, with a recorded value of $310,000 in July 2017, which slightly decreased to $300,000 by June 2021, marking a -3.23% change. Despite this, the latest sale on February 2, 2024, was concluded at $225,000, significantly lower than its previous sale price of $138,000 on February 7, 1997. The HouGarden AVM remains steady at $300,000, indicating a stable market perception of the property's value. This studio apartment, described as an 'Unloved and unwanted lonely studio apartment in Argent Hall,' requires remedial works but is fully furnished with harbour views, close to Universities and downtown, offering huge potential for capital gains.

The property falls within the zone of several reputable schools, enhancing its appeal to families and investors alike. It is zoned for Western Springs College (Secondary, decile 8), Ponsonby Intermediate (Intermediate, decile 9), Freemans Bay School (Contributing, decile 6), and Auckland Girls' Grammar School (Secondary, decile 3), offering a range of educational options for residents.

Updated on April 05, 2024.