7 Osmond Court, Sunnyvale, Auckland - Waitakere

Nestled in the tranquil Sunnyvale suburb, at 7 Osmond Court, lies a prime freehold property of 944sqm, ready for development. This serene cul-de-sac is host to a 1975-built home with 3 bedrooms and a carpark, featuring fibrous cement walls in average condition and a robust iron roof. The property, zoned for multiple housing, holds a current Capital Value (CV) of $970,000, a significant increase of 25.97% from its $770,000 valuation in 2017. The approved resource consent and ongoing EPA from Auckland Council make this an ideal opportunity for a quick project or land-banking.

With a HouGarden AVM of $930,000 and a latest sale price of $979,000 in 2021, compared to $318,500 in 2003, the potential for growth is clear. The property is in the catchment area of Bruce McLaren Intermediate School (Decile 2), Sunnyvale School (Decile 3), and Henderson High School (Decile 3), ensuring quality education options. The existing tenants provide a steady income of $625/week, and the vendors are supportive, offering assistance to continue with the RC, EPA Draft, and BC works.

Here is a chance to secure a solid investment in the current buyer's market, with the possibility to build six standalone 3-bedroom homes. Don't miss the chance to invest, build, and grow in Sunnyvale.

Updated on October 21, 2024