57 Smale Street, Point Chevalier, Auckland

Nestled in the serene cul-de-sac of 57 Smale Street, Point Chevalier, Auckland, this freehold property built in 1940 offers a promising investment. The 2-bedroom, 1-bathroom dwelling with a single carpark is set on a levelled 599 sqm land area. Constructed with roughcast walls and an iron roof, both in average condition, this residential dwelling presents a blank canvas for potential renovations. The property's capital value has seen a remarkable increase of 73.21% from $1,400,000 in 2017 to $2,425,000 as of June 2021, showcasing a rapid growth potential. The HouGarden AVM estimates the property's worth at $2,322,500, making it an attractive prospect for developers or homeowners.

Recent property appraisals indicate a promising trend, with the government valuation on the rise. This deceased estate is set to auction unless sold prior, offering a unique opportunity to transform the spacious corner site, zoned for mixed housing urban. The property's sale history and rapid CV appreciation highlight its investment appeal.

For families, the property falls within the catchment of highly-rated schools. Pasadena Intermediate boasts a decile rating of 8, Pt Chevalier School is a contributing school with a perfect 10 decile rating, and Western Springs College, a secondary school, is also rated 8. This address not only promises potential financial growth but also quality education for the family.

Updated on April 26, 2024