Nestled in the sought-after North Shore location of Forrest Hill, Auckland, this charming 2-bedroom, 1-bathroom residence with a single carpark is a gem on a cross-lease title. Constructed in 1960 with enduring brick walls and tiled roofing, it offers an average condition throughout. The property boasts a level contour, a private and sunny fenced garden, and a floor area of 54 square meters. It has seen a 25.37% increase in Capital Value from $670,000 in July 2017 to $840,000 as of June 2021. The HouGarden AVM estimates it at $820,000, while the latest sales were recorded at $310,000 in 2005 and $200,000 in 2002.
With a heat pump for year-round comfort, polished wooden floors, and an insulated ceiling and floor, this home is currently tenanted and has enjoyed nearly 100% occupancy. It falls within the zones of top-rated schools, including Wairau Intermediate School (Decile 7), Westlake Boys' and Girls' High Schools (Decile 9), Forrest Hill School (Decile 8), Campbells Bay School (Decile 10), Takapuna Normal Intermediate (Decile 9), and Murrays Bay Intermediate (Decile 10), making it an ideal investment for families.
Located in a quiet cul-de-sac, it's mere moments from Milford village, shopping, and the beach. This property presents a rare opportunity for first-home buyers or investors looking for a prime piece of real estate in a prestigious school zone.
Updated on August 12, 2024