2/29 Nikau Street, New Lynn, Auckland - Waitakere

Nestled in the desirable New Lynn neighborhood, this well-appointed 2-bedroom unit with 1 bathroom and a single carpark is a gem in the property market. Constructed in 1974 with a mix of materials for the walls and tiles for the roof, this cross-lease property sits on a level contour and boasts a floor area of 90sqm. The property has seen a significant Capital Value (CV) increase of 32.14% from $560,000 in 2017 to the current $740,000 as of June 2021. The HouGarden AVM estimates it at $735,000, while the latest sale was in 1998 for $150,500. This home is not just a comfortable living space but also a sound investment, currently rented at $550 per week. It's located in a prime school zone, with Kelston Intermediate at a decile 2, Kelston Boys' and Girls' High Schools at decile 3 and 2 respectively, and Kelston School at a decile 3.

Featuring a northwest-facing aspect that floods the open-plan living and dining areas with natural light, the residence is equipped with a heat pump for year-round comfort. The modern kitchen, open-plan laundry, and pantry contribute to the ease of daily living. The two generous bedrooms share a renovated bathroom, while outside, a private utility area and established plantings offer a serene escape. With its convenient location in a quiet cul-de-sac, it's mere moments from LynnMall, supermarkets, and the New Lynn transport hub, providing easy access to greater Auckland.

Whether you're looking for a perfect first home or a smart investment, this property is a reliable income generator and a chance not to be missed. Embrace the opportunity to secure this prime piece of real estate in a sought-after school zone.

Updated on November 26, 2024