Nestled in the esteemed Bucklands Beach, this 2-bedroom, 1-bathroom residence with a single carpark is set on a cross-lease title. Constructed in 1970 with concrete walls and tiled roof, both in good condition, the property boasts a level contour and a floor area of 110sqm. The capital value has seen a rapid increase from $830,000 in 2017 to $1,100,000 as of June 2021, reflecting a growth of 32.53%. With a HouGarden AVM of $1,025,000 and recent sales of $1,162,000 in 2021 and $703,000 in 2015, this property presents an attractive investment opportunity.
Notably, the property is within a top school zone, including Sancta Maria College (Decile 7), Macleans College (Decile 9), Bucklands Beach Intermediate (Decile 9), and Pigeon Mountain School (Decile 8). The location offers easy access to Half Moon Bay Marina, shopping, fitness, and the beautiful beaches of Bucklands Beach and Eastern Beach.
With building consent approved for extension into a 3-bedroom, 2-bathroom home with additional living spaces, this property is not only an ideal starter or downsizer home but also holds potential for further development. Freshly painted and newly carpeted, it is ready for a new owner to move in and enjoy the benefits of a prime location and a property with significant growth potential.
Updated on July 12, 2024