Nestled in the serene Castor Bay, this 2-bedroom unit at 6/5 Braemar Road boasts a prime location with stunning Hauraki Gulf views. Constructed in 1960 with solid brick walls and an iron roof, both in good condition, this cross-lease property offers a floor area of 120m² and a carpark. The capital value has seen a growth of 18.67% from $750,000 in 2017 to $890,000 as of 2021, while the HouGarden AVM estimates it at $897,500. Historically, the property sold for $240,000 in 2002 and $190,000 in 1999, indicating a steady rise in value. It falls within the highly sought-after school zones of Campbells Bay School (decile 10), Murrays Bay Intermediate (decile 10), Westlake Boys' High School (decile 9), and Westlake Girls' High School (decile 9), making it an ideal choice for families.
With a property contour that offers an easy to moderate fall, this residence has immense potential for development, whether it's enhancing the downstairs area or showcasing the native timber flooring upstairs. This is a perfect opportunity to downsize or secure a valuable investment in a tightly-held area. Don't miss out on this exceptional unit that promises comfort, convenience, and quality.
Located in a quiet cul-de-sac, this property is not just a home but a brilliant investment in a thriving community with excellent schools.
Updated on September 06, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 5 | 2 | -m2 | 2024 12 13 | - | Council approved | |
 | 0.20 km | 2 | 2 | 150m2 | 2024 11 20 | $1,280,000 | Council approved | |
 | 0.02 km | 5 | 3 | 270m2 | 2024 11 08 | - | Council approved | |
 | 0.15 km | 4 | 2 | 284m2 | 2024 08 08 | - | Council approved | |
 | 0.20 km | 4 | 2 | 0m2 | 2024 07 01 | $1,615,000 | Council approved |