4/123 Saint Stephens Avenue, Parnell, Auckland

Nestled in the heart of Parnell, at 4/123 Saint Stephens Avenue, lies this magnificent 3-bedroom penthouse apartment, a gem in the Auckland real estate market. Constructed in 1990 with roughcast walls and a mixed-material roof, this unit title property boasts a floor area of 210 square meters, 2 carparks, and sits on a level contour. The exterior walls are in good condition, as is the roof, ensuring a sturdy and maintenance-free structure. This property is not just a home but an investment, with a capital value of $6,700,000 as of June 2021, reflecting a significant growth trajectory.

History shows a promising rise in value, with the HouGarden AVM estimating the property at $6,422,500. The recent sales history and the increasing capital value percentage are testament to the investment potential of this residence. It's a rare find in a sought-after location, where properties are tightly held and highly valued.

For families with school-aged children, the property falls within the decile 9 zone for Parnell School, Auckland Grammar, Epsom Girls' Grammar School, and Baradene College. This ensures access to some of the best educational facilities in the country, adding to the appeal of this already impressive property.

Updated on October 18, 2024