1/18 Morton Avenue, Forrest Hill, North Shore City

Nestled in the serene cul-de-sac of Morton Avenue, Forrest Hill, this charming 2-bedroom, 1-bathroom residence exudes an inviting ambiance. Constructed in 1984 with a robust fibrous cement exterior and iron roof, both in good condition, this cross-lease property offers a floor area of 110sqm. The capital value has seen a notable increase from $930,000 in 2017 to $1,125,000 as of June 2021, reflecting a growth of 20.97%. The property is not only perfect for families, with its easy/moderate rise contour and sunny deck, but also holds appeal for investors, given the rising CV and potential rental return of $650-$660 per week.

History shows a promising trend, with the latest sale prices in 2014 and 2012 at $655,000 and $507,000 respectively, while the HouGarden AVM estimates the current value at $1,077,500. This home's value is further enhanced by its school zones, including the highly-rated Double Westlake Colleges, Campbells Bay School, Wairau Intermediate, and both Westlake Boys' and Girls' High Schools, all boasting deciles ranging from 7 to 10.

With its convenient location, just a short walk to parks, shops, and bus stops, and the comfort of a heat pump, this property presents an alluring package for those seeking a combination of lifestyle, convenience, and investment potential.

Updated on October 11, 2024