06-22 12:00 12:00-12:30
Auction: 8-12 The Promenade, Takapuna on Thursday 27 June 2024 at 10:00AM (unless sold prior)
Freehold Title with an Incredible Three-Bedroom Family Home
Currently rented at $660 per week, this property offers an exceptional investment opportunity with resource consent for three new designer townhouses. Whether you choose to move in, continue the tenancy while planning your development, or land bank for the future, this property offers unparalleled upside potential.
Features:
Current Rental Income: $660 per week
Land: Freehold title with resource consent for three new townhouses
Current Value: CV of $1,425,000 with a 1970s three-bedroom home
Prime Location: Convenient central spot close to Wairau, motorway access, fantastic shops, cafes, and easy access to beautiful beaches
Opportunity: Will be sold well under CV - an opportunity not to be missed!
Why Invest Here?
Flexibility: Continue renting while you plan your development
Growth Potential: Perfect for land banking or immediate development
Desirable Location: Central to amenities, making it a highly sought-after area
The owner is committed to moving on, creating a rare chance for you to capitalize on this opportunity. Make this your moment to maximize the potential of this prime piece of real estate.
Don't miss out on this incredible investment opportunity. Call today!
Ingoa | Tawhiti | Momo | Kōeke | Āhuatanga | Ira Tangata | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Target Road School | 0.59 km | Kura Tuatahi | 1-6 | Kura Kāwanatanga | Kura Hātepe | EQI: 418 | 6 | |
Glenfield Intermediate | 1.25 km | Kura Tuarua | 7-8 | Kura Kāwanatanga | Kura Hātepe | EQI: 441 | 6 | |
Wairau Intermediate | 1.28 km | Kura Tuarua | 7-8 | Kura Kāwanatanga | Kura Hātepe | EQI: 426 | 7 | |
Westlake Boys High School | 1.86 km | Kura Tuarua | 9-15 | Kura Kāwanatanga | Kura Tāne | EQI: 399 | 9 | |
Westlake Girls' High School | 2.40 km | Kura Tuarua | 9-15 | Kura Kāwanatanga | Kura Kōtiro | EQI: 404 | 9 |
Tau | Utu Waenga | Ikeike | Tau o Ngā Hokonga |
|---|---|---|---|
2023 | $980,000 | -27.4% | 11 |
2022 | $1,350,000 | 1.1% | 13 |
2021 | $1,335,000 | 42% | 26 |
2020 | $940,000 | 10.6% | 27 |
2019 | $850,000 | -1.7% | 17 |
2018 | $865,000 | -2.4% | 31 |
2017 | $886,000 | -6.7% | 23 |
2016 | $950,000 | 17.9% | 29 |
2015 | $805,750 | 21.9% | 38 |
2014 | $661,000 | - | 38 |
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.52 km | 4 | 2 | 187m2 | 2024 06 02 | $1,259,000 | Council approved | |
 | 0.46 km | 3 | 1 | -m2 | 2024 04 06 | $1,500,000 | Council approved | |
0.33 km | 3 | 115m2 | 2024 03 02 | $1,045,000 | Council approved | |||
 | 0.33 km | 3 | 2 | 117m2 | 2024 02 01 | $915,000 | Council approved | |
 | 0.23 km | 4 | 2 | 158m2 | 2024 01 31 | $1,275,000 | Council approved |
