Nestled in the serene Savoy Road of Glen Eden, Auckland, this residential property on a freehold title boasts 4 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1950 with roughcast walls and an iron roof, it presents an average condition both inside and out. The 99 square meter floor area is complemented by a generous 885 square meter land, suitable for medium to long-term projects. The property is zoned for Terraced Housing and Apartment Building (THAB), offering potential investors a golden opportunity to landbank in a highly sought-after area. The site enjoys an easy to moderate fall and unobstructed views of the Waitakere Ranges.
As per the latest records, the property's capital value has seen a remarkable increase from $830,000 in 2017 to $1,625,000 in 2021, showcasing a growth rate of 95.78%. HouGarden AVM estimates the property's worth at $1,228,500, while the most recent sale history includes transactions of $1,080,000 in 2024 and $928,000 in 2016. These figures are indicative of a steady and promising investment prospect.
For families with children, the property falls within the catchment area of several reputable schools. Kelston Intermediate and Kelston Boys' High School are both rated decile 2 and 3 respectively, while Glen Eden School and Kelston Girls' College offer additional educational options. Glen Eden Intermediate stands out with a decile rating of 7, ensuring a high standard of education for the young ones.
Updated on September 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 2 | 1 | -m2 | 2024 10 04 | - | Council approved | |
 | 0.22 km | 3 | 1 | 113m2 | 2024 09 12 | $930,000 | Council approved | |
 | 0.17 km | 3 | 1 | 150m2 | 2024 09 04 | - | Council approved | |
 | 0.13 km | 3 | 2 | 132m2 | 2024 08 16 | - | Council approved | |
 | 0.11 km | 3 | 1 | -m2 | 2024 07 01 | $1,050,000 | Council approved |