Nestled on a freehold title in the heart of Onehunga, Auckland, this residential complex boasts 10 well-designed 2-bedroom units, built with low maintenance materials in 1979. The property, featuring concrete walls and tiled roofs in average condition, sits on a level 1,533 sqm site at 46 Mount Smart Road. The capital value has seen a significant increase of 31.21% from $3,925,000 in 2017 to $5,150,000 as of June 2021. The latest sales history shows consistency with sales at $7,800,000 in both 2022 and 2024, while the HouGarden AVM estimates the property at $4,935,000.
With a current annual return of $206,960, the property presents a sound investment opportunity. It's located in a prime school zone, with Baradene College (decile 9) and Royal Oak School (decile 8) nearby, among others. The site is strategically positioned between Royal Oak Roundabout and Onehunga Mall, offering easy access to amenities, public transport, and a full range of schools within a 1 km radius.
Whether you seek to add value through renovations, create individual titles, or explore high-density redevelopment options under the PAUP, this property in a quiet cul-de-sac is brimming with potential and awaits your investment or development plans.
Updated on May 02, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 2 | 1 | -m2 | 2024 11 01 | $721,000 | Council approved | |
0.05 km | 4 | 137m2 | 2024 10 02 | $1,348,000 | Council approved | |||
 | 0.12 km | 2 | 1 | -m2 | 2024 10 01 | $795,000 | Council approved | |
 | 0.16 km | 4 | 3 | 208m2 | 2024 10 01 | $1,675,000 | Council approved | |
 | 0.05 km | 1 | 1 | 45m2 | 2024 09 26 | $489,600 | Council approved |