2/2 Tower Hill, Stanmore Bay, Rodney

Nestled in the serene cul-de-sac of Tower Hill, Stanmore Bay, this 2-bedroom unit with a single carpark on a Cross-Lease title presents an idyllic opportunity. Constructed in 1972 with robust brick walls and tiled roofing, the property boasts a floor area of 110sqm. The capital value has seen a significant increase from $600,000 in 2017 to $790,000 as of June 2021, reflecting a growth rate of 31.67%. The property's wall and roof conditions are in good standing, and it sits on a contour with an easy to moderate fall. A heat pump ensures year-round comfort, while the northerly aspect allows for enjoyment of the afternoon sun.

As per the latest market valuations, the HouGarden AVM estimates the property's worth at $770,000. Notably, the last sale occurred in 2010 for $315,000, following a sale in 1991 for $130,000. This indicates a consistent upward trend in value. In terms of education, the property falls within the zones of Whangaparaoa College (Decile 9) and Whangaparaoa School (Decile 9), both highly regarded institutions.

Centrally located, the property is in proximity to transport, shopping, and educational facilities, making it an ideal choice for those seeking convenience. The potential for further enhancement, both indoors and in the partially fenced backyard, is immense. This property is perfect for first-time buyers, investors, or those looking to downsize, offering a lifestyle of ease and comfort in a prime location.

Updated on July 23, 2024