49 Ruawai Road, Mount Wellington, Auckland

Located at 49 Ruawai Road, Mount Wellington, Auckland - City, this traditional 1950's bungalow is a prime piece of real estate for those seeking their next development project. The property features 4 bedrooms, a spacious floor area of 136m2, and sits on a generous land area of 708m2. Ownership is Freehold, ensuring complete control over the land. The building boasts wood wall construction and an iron roof, both in good condition, and the property contour is described as an easy/moderate rise, making it an appealing option for developers. The property falls under the Residential - Vacant land multiple housing category, highlighting its potential for multiple housing developments.

From a financial perspective, the capital value of the property has seen a significant increase, from $850,000 on July 1, 2017, to $1,250,000 on June 1, 2021, marking a 47.06% rise. The HouGarden AVM estimates the property's value at $1,230,000. The latest sale data shows a transaction on November 4, 2020, for $1,121,000, and a previous sale on March 25, 2014, for $280,000, indicating a strong upward trend in property value. This property is not only a sunny and convenient home but also a lucrative investment opportunity, especially with its proximity to Sylvia Park Mall and the Panmure Train Station.

The property is zoned for several reputable schools, including Baradene College (Secondary, decile 9), One Tree Hill College (Secondary, decile 3), Bailey Road School (Full Primary, decile 3), and Sylvia Park School (Full Primary, decile 2). This makes it an ideal location for families looking for quality education options.

Updated on March 22, 2024.