507/20 Park Avenue, Ellerslie, Auckland

Nestled in the prestigious Park Avenue, this luxurious 1-bedroom, 1-bathroom studio apartment with a Unit Title offers a serene retreat in Ellerslie, Auckland. Constructed with a mix of materials for the walls and iron for the roof, this 2023-built property presents a good condition both inside and out. The apartment, with a floor area of 30sqm, is situated on a level contour, providing panoramic city views. The property has seen a Capital Value (CV) increase to $380,000 as of June 2021, and the latest sale on September 25, 2023, was for $399,000, indicating a significant growth percentage. The HouGarden AVM estimates the property at $362,500, making it an attractive investment opportunity with a rental yield of nearly 7%.

For families, the property falls within the school zones of highly regarded Baradene College (decile 9), Ellerslie School (decile 9), and One Tree Hill College (decile 3), ensuring top-notch education is within easy reach. The apartment complex boasts luxurious amenities such as a premium bathroom, a residents' rooftop garden, and an on-site gym, enhancing the already desirable lifestyle in this prime location.

Ellerslie’s vibrant atmosphere, with its array of restaurants, local shopping, and public transport, including the Ellerslie Train Station just a 5-minute walk away, adds to the appeal. With convenient access to Auckland's motorway network, and shopping hubs like Newmarket and Sylvia Park a short drive away, this freehold studio sanctuary presents an exceptional opportunity to secure a slice of Auckland's prime real estate.

Updated on November 01, 2024