20 Tawariki Street, Ponsonby, Auckland

Nestled on a 910sqm freehold section in the sought-after Ponsonby, this 2-bedroom, 1-bathroom bungalow with a single carpark offers a unique opportunity. Constructed in 1930 with brick walls and tiled roofing, the property is in an average condition and sits on a land with an easy to moderate fall contour. The capital value has seen a significant increase from $2,450,000 in 2017 to $3,125,000 as of June 2021, reflecting a growth of 27.55%. The property is in a residential - vacant land multiple housing category and is perfect for developers or renovators looking to tap into its vast potential. The location is further enhanced by its proximity to Ponsonby Road's amenities and the fact that it falls within the zones of highly-rated schools such as Western Springs College (Decile 8), Bayfield School (Decile 10), Ponsonby Intermediate (Decile 9), and Auckland Girls' Grammar School (Decile 3). The HouGarden AVM estimates the property's value at $2,905,000, making it an attractive prospect for investors and families alike.

Updated on May 23, 2024