1/178 Ireland Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of 1/178 Ireland Road, Mount Wellington, Auckland, this residential ownership home unit is a charming 2-bedroom, 1-bathroom haven. Constructed in 1975 with brick walls and tiled roofing, the property sits on a level contour with an average wall and roof condition. As a cross-lease property, it offers a practical floor area of 60 square meters. The capital value has seen a significant increase from $560,000 in July 2017 to $750,000 as of June 2021, reflecting a growth of 33.93%. The latest sale was recorded in November 2017 for $505,000.

With a HouGarden AVM of $720,000, this property presents a lucrative opportunity for investors. The location is a standout, being just a 10-minute walk from Sylvia Park Shopping Centre, the train station, and Panmure Basin. It's perfect for young professionals, downsizers, or investors looking for an affordable entry into the property market. The property is heated by a heat pump and includes a carport and external storage, adding to its appeal.

For families, the school network is a significant draw. Baradene College, a secondary school with a decile rating of 9, and One Tree Hill College, with a decile rating of 3, are within reach. Additionally, Panmure District School and Sylvia Park School, both with a decile rating of 2, offer primary education options. This home not only promises convenience but also a promising future with its prime location and potential for value addition.

Updated on October 11, 2024