9/1 Eldon Road, Mount Eden, Auckland

Nestled in the serene environment of 9/1 Eldon Road, Mount Eden, this one-bedroom, one-bathroom unit on cross-lease title boasts an iron roof and concrete walls, built in the 1970s. With an average condition both inside and out, and a level contour, this property presents a blank canvas for investors or frequent travelers seeking a renovation project. The government's capital value has seen a rapid increase from $370,000 in 2017 to $480,000 as of June 2021, reflecting a 30% growth. HouGarden's AVM estimates the property at $445,000, while the latest sales history shows a unit sold for $120,000 in 2000 and $140,000 in 1997. This property's appeal is further enhanced by its location in a sought-after school zone, with Mt Albert Grammar School and Balmoral School (Auckland) offering top-notch education, rated 7 and 9 respectively on the decile scale. Auckland Girls' Grammar School is also in the vicinity. With easy access to amenities and public transport, and only a 5-minute drive to Westfield St Lukes and Mt Eden Village, this unit has immense potential to be transformed into a stylish lock-and-leave or a low-maintenance rental property.

Updated on May 13, 2024