Nestled in the heart of Penrose, Auckland, this 2-bedroom, 1-bathroom unit with a floor area of 98 square meters is a gem in the residential apartment category. Constructed in 1997 with wood exterior walls and a mixed-material roof, the property is in good condition both inside and out. It boasts a level contour and is part of a secure unit title complex. The capital value has seen a remarkable increase from $465,000 in 2017 to $830,000 as of June 2021, reflecting a growth rate of 78.5%. This is not just a home but also a sound investment.
With a HouGarden AVM of $775,000 and a history of sales at $340,000 in 2013 and $220,000 in 2004, this property presents an opportunity not to be missed. It's centrally located, with easy access to motorways, shopping, and dining in Remuera, Newmarket, and Sylvia Park. The recent addition of new carpet and the inclusion of two decks further enhance the appeal of this suntrap apartment.
For families with school-aged children, the property falls within the zones of Baradene College (decile 9), Oranga School (decile 3), and One Tree Hill College (decile 3), offering a range of educational options. Affordable, secure, and with such a promising CV growth history, this property is a catch in the central Auckland real estate market.
Updated on June 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 4 | 3 | 218m2 | 2024 10 18 | - | Council approved | |
 | 0.20 km | 3 | 1 | 71m2 | 2024 10 03 | $860,000 | Council approved | |
 | 0.17 km | 4 | 1 | -m2 | 2024 09 25 | - | Council approved | |
0.22 km | 4 | 167m2 | 2024 08 04 | $1,650,000 | Council approved | |||
 | 0.18 km | 3 | 2 | 125m2 | 2024 07 10 | $1,270,000 | Council approved |