7 Scarlet Drive, Ranui, Auckland - Waitakere

Nestled on a quiet cul-de-sac at 7 Scarlet Drive, Ranui, Auckland, this freehold property is a residential haven with income potential. Consisting of two three-bedroom homes, it boasts a total of 6 bedrooms, 2 carparks, and a floor area of 148 square meters on a sprawling 603 square meter lot. Constructed in 1975 with fibrous cement walls and tiled roofing, both the walls and roof are in good condition. The property's capital value has seen a substantial increase from $875,000 in 2017 to $1,100,000 as of June 2021, reflecting a growth rate of 25.7%. The HouGarden AVM estimates the property's worth at $1,052,500, while the latest sales history shows a significant appreciation from $228,000 in 2004 to $437,000 in 2007.

For families with school-aged children, the property falls within the zones of esteemed institutions such as Birdwood School (Decile 2, Full Primary), Waitakere College (Decile 3, Secondary), Massey High School (Decile 4, Secondary), and St Paul's School (Massey) (Decile 4, Contributing). This addresses a key concern for many buyers, ensuring access to quality education. Moreover, the property's convenient location near public transport, amenities, and shopping centers adds to its allure, making it an attractive opportunity for investors or first-time homebuyers seeking a combination of rental income and comfortable living.

With a rental return of $1,060 per week, this property presents a golden chance to secure a foothold in the property market or expand your investment portfolio. Its versatility and prime location make it an offer too good to miss, especially with the promise of a reliable rental income and the potential for further capital value growth.

Updated on April 09, 2024