27 Kohekohe Street, New Lynn, Auckland - Waitakere

Nestled in a serene cul-de-sac at 27 Kohekohe Street, New Lynn, Auckland, this freehold property is a charming residential dwelling from the 1960s. The home boasts 6 bedrooms, a floor area of 130sqm, and is set on a spacious 890sqm section with an iron roof in good condition and wooden walls in average condition. The property has seen a significant Capital Value increase of 53.85% from $910,000 in 2017 to $1,400,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,367,500, while the latest sales were recorded at $490,000 in 2012 and $110,000 back in 1991.

With a CV growth that outpaces the market average, this property presents a solid investment opportunity. It features a main 4-bedroom home with weatherboard and iron construction, along with a modern 2-bedroom sleepout, perfect for generating additional income. The property is zoned Mixed Housing Urban, with existing storm water and wastewater services, hinting at potential for future development. It's currently tenanted with a generous market rent of $62,920 PA, making it an attractive proposition for investors looking for immediate returns.

For families, the property falls within the catchment area of several schools, including Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston School (Decile 3), and Kelston Girls' College (Decile 2). This mix of educational institutions ensures a variety of options for children of different ages, all within walking distance.

Updated on August 28, 2024