Nestled in a serene cul-de-sac at 32 Tomo Street, New Lynn, Auckland, this freehold property boasts 4 bedrooms and a single carpark. Constructed in 1950 with wood walls and tiled roofing, it offers a floor area of 163sqm on a spacious 1006sqm lot. The property's Capital Value (CV) has seen a remarkable increase from $1,050,000 in 2017 to $1,775,000 as of June 2021, reflecting a growth rate of 69.05%. The HouGarden AVM estimates the property's value at $1,424,500, while the latest sale in October 2022 was for $1,306,000.
For families, the property falls within the decile 2-rated Kelston Intermediate and Kelston Girls' College, as well as the decile 3 Kelston Boys' High School. It's also close to the decile 7 Glen Eden Intermediate and the Fruitvale Road School, ensuring a variety of educational options. The site, with its approved Resource Consent for 11 terraced homes, presents a golden opportunity for developers seeking high yields and maximum gross floor area in a prime location.
Just 850m from Fruitvale Train Station and within easy reach of local amenities, this property is not only an ideal family home but also a strategic development proposition. With its extensive road frontage and MHU zoning, it's set to fetch interest at the auction scheduled for 10 October 2024.
Updated on November 05, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 1 | 100m2 | 2024 10 24 | - | Council approved | |
 | 0.15 km | 2 | 1 | -m2 | 2024 09 18 | $520,000 | Council approved | |
 | 0.18 km | 5 | 3 | -m2 | 2024 09 01 | - | Council approved | |
 | 0.14 km | 4 | 157m2 | 2024 07 16 | $900,000 | Council approved | ||
 | 0.18 km | 4 | 1 | -m2 | 2024 07 01 | $667,000 | Council approved |