3/8 Shirley Road, Grey Lynn, Auckland

Nestled in a quiet cul-de-sac at 3/8 Shirley Road, Grey Lynn, Auckland, this charming and spacious one-bedroom unit boasts a brick exterior and tile roofing. Built in 1960, the property sits on a level contour and offers an ownership type of Cross-Lease. With a floor area of 55 square meters and a single carpark, it features average wall condition and poor roof condition, which has recently undergone a trendy full renovation. The property's Capital Value (CV) has seen a significant increase from $510,000 in July 2017 to $750,000 as of June 2021, marking a growth of 47.06%. The HouGarden AVM estimates the property at $720,000, while the latest sale was recorded in December 2003 for $178,000.

For families, the property falls within the zones of Pasadena Intermediate and Western Springs College, both with a decile rating of 8, while Grey Lynn School has a rating of 9 and Auckland Girls' Grammar School a rating of 3. This unit is not just an ideal first home for singles, couples, or downsizers, but also a lucrative investment, with the current owners enjoying 11 years of uninterrupted occupancy and rental income.

Conveniently located near transport hubs, Western Springs Park, Museum of Transport & Technology, and the zoo, this property is a gem waiting to be discovered. With a CV on the rise and a renovation that's above par, it's offered at a price that's under par. Simply put, it's a perfect match for all buyers.

Updated on April 13, 2024