1 Marei Road, Ellerslie, Auckland

Nestled on a flat 869m2 section in the prime location of 1 Marei Road, Ellerslie, Auckland, this 1940s single-level house with solid brick exterior presents an exciting opportunity for builders, developers, and home enthusiasts alike. Boasting four bedrooms and set on freehold land, this property is perfect for those seeking to embark on their next project. The roof, tiled and in good condition, complements the well-maintained brick walls, setting the stage for potential renovations or development. With a CV of $2,050,000 as of June 2021, representing a growth of 43.86% since July 2017, and an HouGarden AVM of $1,624,500, this property also boasts a recent sale history, with transactions in 2022 and 2024. Don't miss the chance to secure this land in a sought-after school zone, with Ellerslie School and One Tree Hill College nearby, and the prestigious Baradene College and Oranga School in the vicinity.

History shows that the property's value has been on a steady rise, with a notable increase in its capital value over the years. The latest sales reflect the desirability of the location, with a sale in 2024 at $1,200,000 and another in 2022 at $1,910,000. This is an opportunity to bank on land in an area that's only appreciating in value. Whether you're looking to renovate, rebuild, or hold onto this prime piece of real estate, the potential is limitless.

For families with school-aged children, the property falls within the Ellerslie School zone, rated a decile 9, and is also in proximity to One Tree Hill College, a secondary school with a decile rating of 3. Additionally, Baradene College, a top secondary school with a decile 9 rating, and Oranga School, a contributing school with a decile 3 rating, are accessible options. This address not only promises a quality education for your children but also the convenience of being centrally located near business parks, shops, and arterial routes.

Updated on November 07, 2024