Nestled in a serene cul-de-sac on Reid Road, New Lynn, Auckland, this charming 3-bedroom, 1-bathroom residence with 2 car parks presents an inviting opportunity. Constructed in 1955 with iron roofing and wooden walls in good condition, the property sits on a level 650sqm freehold section. The capital value has seen a remarkable increase of 95.65% from $690,000 in 2017 to $1,350,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,104,500, while the latest sales were recorded at $900,000 in 2020 and $790,000 in 2015. This property is not just about numbers; it's about potential, strategically located in a zone that permits Terrace Housing and Apartment Building. With resource consent and engineer plan approval for a 4-lot subdivision, the stage is set for a visionary developer. Adding to its allure, the property falls within the deciles 2 and 3 for intermediate and secondary schools, including the esteemed Kelston Intermediate and Kelston Boys' and Girls' High Schools.
Updated on August 09, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 2 | 2 | -m2 | 2024 09 04 | - | Council approved | |
 | 0.17 km | 3 | 2 | -m2 | 2024 09 01 | $900,000 | Council approved | |
 | 0.18 km | 6 | 2 | -m2 | 2024 08 01 | $960,000 | Council approved | |
 | 0.15 km | 5 | 2 | 0m2 | 2024 07 01 | $820,000 | Council approved | |
 | 0.04 km | 3 | 2 | 150m2 | 2024 06 20 | - | Council approved |