Nestled on a level plot at 5 Glendhu Road, Bayview, this residential vacant land is primed for multiple housing development. The freehold property boasts an area of 1057 square meters, with a floor area potential of 185 square meters. It features 3 bedrooms, 2 carparks, and is equipped with an efficient heat pump for climate control. The exterior walls, constructed from wood, and the iron roof are both in average condition, setting the stage for a modern transformation. Since 2017, the capital value has surged by 50%, from $1,020,000 to the current $1,530,000, showcasing a promising investment opportunity.
Recent market appraisals, including the HouGarden AVM, value the property at $1,425,000, while the latest sale history shows consistency with transactions at $1,250,000 in both 2020 and 2024. This consistency indicates a stable and reliable market for the area.
For families with children, the property falls within the zones of both Bayview School, a contributing primary with a decile rating of 7, and Glenfield Intermediate School, an intermediate school with a decile rating of 6. This provides a solid foundation for quality education.
Updated on May 15, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 4 | 2 | 130m2 | 2024 12 01 | $700,000 | Council approved | |
 | 0.25 km | 6 | 3 | 165m2 | 2024 09 04 | - | Council approved | |
 | 0.08 km | 4 | 2 | 0m2 | 2024 09 01 | $1,246,000 | Council approved | |
 | 0.10 km | 4 | 2 | 0m2 | 2024 09 01 | $1,145,000 | Council approved | |
 | 0.32 km | 3 | 1 | -m2 | 2024 09 01 | $840,000 | Council approved |