64 Shoreham Street, Avondale, Auckland

Nestled on a full site at 64 Shoreham Street, this residential rental complex in Avondale, Auckland, boasts 5 bedrooms, 3 bathrooms, and a generous floor area of 166sqm. Constructed in 1968 with brick walls and tiled roofing, this freehold property sits on a land area of 612sqm with an easy/moderate fall contour. The capital value has seen a significant increase from $1,050,000 in 2017 to $1,450,000 as of June 2021, marking a growth of 38.1%. Currently generating an approximate combined rental income of $77,000 from its three flats, this investment offers a split-risk opportunity. Unit 1 & 2 each provide 2 bedrooms and 1 bathroom, while Unit 3 offers 1 bedroom and 1 bathroom. The property is located in a quiet side street off Blockhouse Bay Road, benefitting from proximity to major transport routes and the New Lynn Train Station. It falls within the Avondale College zone, with other schools like New Windsor Primary and Blockhouse Bay Intermediate nearby. Selling $359,000 below the CV, this is a lucrative investment not to be missed!

With a HouGarden AVM of $1,347,500 and the latest sale recorded in 2015 at $1,166,000, this property presents a compelling case for investors. The government valuation history and the recent sale price reflect the consistent capital value growth in this rapidly developing suburb. Surrounded by New Windsor, Blockhouse Bay, Mount Roskill, and New Lynn, this property is at the heart of a thriving community.

For families, the school network is a significant draw. Avondale College, a secondary school with a decile rating of 4, is the zoned school, while Glenavon School, a full primary with a decile rating of 1, and New Windsor School, a contributing primary with a decile rating of 4, are also in close proximity. This property offers not just a home but a community and investment potential.

Updated on June 14, 2024