Nestled in the serene Ribot Place of Randwick Park, Auckland, stands a promising freehold property, built in 1976 with robust fibrous cement walls and a reliable tile roof. This residential-vacant land, spanning 898 square meters, boasts a 3-bedroom and 1-bathroom home, complemented by 2 car parks and a generous floor area of 87 square meters. The property's capital value has seen a remarkable increase of 57.41% from $540,000 in 2017 to $850,000 as of June 2021, with the HouGarden AVM estimating it at $815,000. The latest sale was recorded in 1987 at $77,000, hinting at the property's untapped potential.
With a CV growth that outpaces the market average, this property is not just a home but a sound investment. It is strategically positioned in a Mixed Housing Suburban zone, with easy access to underground services and convenient motorway access. Adding to its allure, the property falls within the decile 2 Alfriston College and decile 1 Randwick Park School zones, making it an ideal choice for families with educational priorities.
Whether you're an investor, developer, or a family seeking a spacious living environment, this property's prime location, coupled with its development potential on a levelled 897 sqm site, is set to capture the interest of many. Auckland's urban transformation is reflected in Randwick Park, and this property is at the heart of it, welcoming all conjunctions and offering a flexible settlement option for up to six months.
Updated on October 21, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 3 | 1 | 86m2 | 2024 10 27 | $850,000 | Council approved | |
 | 0.21 km | 3 | 1 | 86m2 | 2024 10 14 | $625,000 | Council approved | |
 | 0.10 km | 3 | 1 | -m2 | 2024 09 01 | - | Council approved | |
 | 0.20 km | 3 | 1 | 86m2 | 2024 08 24 | $700,000 | Council approved | |
 | 0.02 km | 3 | 1 | -m2 | 2024 07 01 | - | Council approved |