3/34 Parkhill Road, Mellons Bay, Auckland - Manukau

Nestled in the serene Mellons Bay, this 2-bedroom residence with a single carpark is a gem on Parkhill Road. Constructed in 1994 with robust brick walls and tiled roofing, the property is in a Cross-Lease ownership. The well-maintained home boasts a floor area of 130sqm, offering relaxation, comfort, and peace-of-mind. Notably, the capital value has surged by 30%, from $1,000,000 in 2017 to $1,300,000 as of June 2021. The HouGarden AVM estimates the property at $1,310,000, while the latest sale was in 2014 for $798,000.

On the financial front, the property has shown a strong CV increase, reflecting a sound investment. The latest valuation by the government and the private HouGarden AVM are indicative of the property's consistent growth. Moreover, the history of sales shows a significant appreciation from the initial purchase price of $75,000 in 1994.

For families with school-going children, the property falls within the decile 9 Star of the Sea School zone and is in close proximity to other well-rated schools such as Sancta Maria College, Macleans College, Mellons Bay School, and Howick Intermediate. This combination of location, property value, and educational opportunities makes it an attractive prospect for homebuyers.

Updated on September 18, 2024