1/3 Tonks Street, Remuera, Auckland

Nestled in the serene Tonks Street of Remuera, Auckland, this 1993-built residential dwelling on a cross-lease title boasts 3 bedrooms, 1 carpark, and a floor area of 116sqm. Its roughcast exterior walls and tiled roof contribute to its charming facade. Historically, the property's capital value has seen an impressive growth of 8.20%, from $1,525,000 in 2017 to $1,650,000 as of June 2021. HouGarden AVM estimates the property's value at $1,329,500, making it an attractive opportunity for potential investors. The property falls within the catchment of esteemed schools such as Auckland Grammar, Epsom Girls' Grammar School, and Baradene College, all with a decile rating of 9, ensuring a high-quality education for the family.

With a cv increase that outpaces the market average, this property also offers the unique option to purchase the adjacent property, potentially securing a full site. The current layout features a smart lounge/dining area, a well-appointed kitchen, and a ground-floor bedroom with a separate laundry and bathroom. Upstairs, two further double bedrooms share a bathroom, catering to both family and professional needs. Located at the foot of Remuera's Northern Slopes, it provides convenient access to Orakei Bay Village, the train station, and various parks and sports fields.

For families, the proximity to top-rated schools such as Remuera Primary (decile 10) and Remuera Intermediate (decile 8) is a significant plus. Whether you're looking for a standalone property or an investment with potential for extended family living or home and income, this property presents a range of options in a highly sought-after school zone.

Updated on August 20, 2024