Nestled in the serene Ostend, Auckland, 89 Wilma Road presents a prime freehold opportunity on an expansive 809sqm section. This vacant residential property, with unknown roof and wall construction, is set on a steep rise, offering potential for development. The site, with its convenient location, is close to amenities and boasts a capital value of $630,000 as of June 2021, showing a 3.28% increase since July 2017. It includes a charming stable and workshop, essential amenities like power and fibre internet, and a concrete driveway with parking and turnaround space. Consent is granted for a three-bedroom, north-facing home, making it an attractive prospect for investors and developers.
History shows a latest sale price of $575,000 on December 17, 2021, and an earlier sale of $185,000 in 1994. HouGarden AVM estimates the property's value at $602,500, indicating a promising investment potential. This tranquil site, just 2km from Palm Beach and 1km from the dog park, is a gem waiting to be polished.
For families, the school zone is a significant plus. The property falls within a highly rated decile, offering access to quality educational institutions, ensuring a sound investment for both current and future value.
Updated on October 29, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.73 km | 4 | 3 | 198m2 | 2024 11 01 | $2,400,000 | Council approved | |
 | 0.45 km | 2 | 1 | 73m2 | 2024 08 07 | $1,150,000 | Council approved | |
 | 0.69 km | 2 | 174m2 | 2024 08 02 | $1,396,500 | Council approved | ||
 | 0.75 km | 2 | 1 | 130m2 | 2024 07 16 | $1,075,000 | Council approved | |
 | 0.71 km | 4 | 145m2 | 2024 07 01 | $1,360,000 | Council approved |