1/33 Bellringer Road, Massey, Auckland - Waitakere

Nestled in the serene Bellringer Road cul-de-sac, this charming 3-bedroom, 1-bathroom residence with 2 car parks presents an enticing investment opportunity. Constructed in 1970 with a robust fibrous cement exterior and a tiled roof in good condition, this cross-lease property offers a comfortable living space of 87 square meters. The property's capital value has seen a significant increase from $640,000 in 2017 to $880,000 as of June 2021, reflecting a growth rate of 37.5%. Additionally, the property is estimated at $820,000 by HouGarden AVM and recently sold for $740,000 in December 2020, indicating its consistent market appeal.

From a valuation perspective, the property's rising CV and recent sale history suggest a promising investment with substantial capital gain potential. The reliable tenants add an extra layer of security, providing a hassle-free income stream for the discerning investor. This Massey, Auckland property is strategically located within easy reach of local amenities, parks, and public transport, enhancing its overall appeal.

For families with school-aged children, the property falls within the zones of Massey High School (Decile 4), St Paul's School (Massey) - a contributing school also with a Decile 4 rating, and Royal Road School, a Full Primary with a Decile 2 rating. These educational institutions offer a solid foundation for learning and growth, making this property an ideal choice for those seeking a balanced lifestyle with convenience and quality education.

Updated on June 07, 2024