25a Alverston Street, Waterview, Auckland

Located at 25a Alverston Street, Waterview, Auckland - City, this residential vacant land presents a unique opportunity for those looking to build their dream home or embark on a development project. The property spans 448m2 and is characterized by its freehold ownership, level contour, and the absence of existing buildings, providing a blank canvas for potential development. The site is zoned for Mixed Housing Urban, allowing for the construction of up to 3 lots subject to consent. It features its own driveway and all necessary services are already on site. Despite the unknown conditions of the wall and roof constructions, the prime location approximately 8.1kms from the CBD makes it an attractive option for buyers.

The property's capital value as of June 1, 2021, was $1,250,000, with a recent HouGarden AVM estimate at $1,230,000. This slight decrease in estimated value highlights the property's potential for value appreciation through development. The property's strategic location and zoning offer a promising investment opportunity, especially considering the current market dynamics.

The property falls within the school zones of Waterview School (decile 3), Avondale Intermediate (decile 2), and Avondale College (decile 4), catering to a range of educational needs from contributing to secondary levels. These schools provide varied options for families looking to settle in the area, ensuring access to education for children of different age groups.

Updated on March 21, 2024.