Nestled on the tree-lined Linwood Avenue, this Freehold commercial accommodation complex boasts 17 bedrooms and a spacious floor area of 450sqm. Constructed in 1960 with mixed materials for the walls and iron for the roof, both the walls and roof are in good condition. The property sits on a generous 1012sqm of land and offers a prime investment opportunity with a potential 9% return, making it an ideal choice for investors looking to diversify their portfolios.
Since August 2019, the Capital Value has seen a significant increase of 26.39%, reaching $910,000. The HouGarden AVM estimates the property's value at $902,500, while the latest sales in 2024 and 2020 were for $1,694,000 and $710,000 respectively. This indicates a promising trend in the property's market value.
For families with children, the property falls within the zones of several schools, including Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Linwood North School (Decile 2), among others. This ensures access to quality education for all ages.
Updated on November 06, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
0.12 km | 3 | 2 | 114m2 | 2024 11 29 | $596,000 | Council approved | ||
 | 0.04 km | 2 | 1 | 74m2 | 2024 11 21 | - | Council approved | |
 | 0.11 km | 3 | 130m2 | 2024 10 08 | $609,000 | Council approved | ||
0.16 km | 2 | 1 | 87m2 | 2024 09 23 | $520,000 | Council approved | ||
0.14 km | 2 | 1 | 86m2 | 2024 07 15 | $550,000 | Council approved |