9 Lanark Place, Glen Innes, Auckland City

Nestled in the serene Lanark Place of Glen Innes, Auckland, this freehold property on a 1194m² land area presents a compelling investment opportunity. The 103m² floor area is home to a charming 3-bedroom residence, complemented by a generous allocation of 5 carparks. Constructed in 1950 with wood walls and an iron roof, both in average condition, this property is set on an easy-to-moderate rise contour, inviting a creative touch for renovation or redevelopment. The capital value has seen a significant increase of 49.25% from $1,675,000 in 2017 to $2,500,000 as of June 2021, while the HouGarden AVM estimates it at $2,290,000. Notably, the latest sale history includes a price of $590,000 in 2007 and $275,000 in 2002, reflecting a promising investment growth trajectory.

For families with school-aged children, the property falls within the zones of Baradene College, a secondary school with a decile rating of 9, Glen Taylor School, a full primary school with a decile rating of 1, and Tamaki College, another secondary school with a decile rating of 1. This ensures access to quality education across different levels.

With its prime location, potential for value addition, and a desirable school network, this property is a golden opportunity for investors and families alike. Don't miss your chance to transform this unique site into your dream project.

Updated on December 12, 2024