4/32 Mountain View Road, Morningside, Auckland

Nestled in the serene cul-de-sac of Mountain View Road, this 2-bedroom, 1-bathroom unit with a single car park exudes potential. Constructed in 1978 with a mix of materials for the walls and tiles for the roof, this Unit Title property offers an easy/moderate contour and an average condition for both walls and roof. The floor area spans a comfortable 81 square meters, while the prime location and renovated interior, including new flooring, an updated bathroom, and kitchen, justify its high rental yield of $750 per week. The property's capital value has seen a substantial increase from $610,000 in 2017 to $890,000 as of June 2021, reflecting a growth rate of 45.90%. The HouGarden AVM estimates the property's value at $882,500, and with a history of two sales, the latest in 2012 for $401,000, this is an opportunity not to be missed. Perfect for first-time investors or those looking to flip, this unit is centrally located and move-in ready, taking full advantage of the rising market and the changes in interest deductibility that make investment properties profitable again.

When it comes to education, the property falls within a highly sought-after school zone. Pasadena Intermediate and Western Springs College, both with a decile rating of 8, are in close proximity. Mt Albert School and Grammar School boast a decile rating of 6 and 7 respectively, while Kowhai Intermediate and Auckland Girls' Grammar School offer additional options with their respective deciles of 7 and 3. This is a special price for those who act quickly, making it an even more attractive package for families and investors alike.

Updated on November 13, 2024