4/15 Clearwater Cove, West Harbour, Auckland - Waitakere

Nestled in the serene Clearwater Cove, this 2-bedroom, 1-bathroom unit with a single car park presents a compelling opportunity for investors. Constructed in 1998, the property features mixed materials for the walls and an iron roof, both in poor condition. It sits on a level contour and holds a Unit Title. With a floor area of 67 square meters, this residential apartment is valued at $180,000 as per the June 2021 government valuation, showing a 25% decrease from its $240,000 valuation in July 2017. The property'sHouGarden AVM stands at $240,000, while the latest sales were recorded at $258,000 in August 2024 and $170,000 in December 2020.

For families, the property falls within the zones of Hobsonville School, a full primary with a decile rating of 7, Hobsonville Point Secondary School, a secondary school with a decile rating of 10, and St Paul's School in Massey, a contributing school with a decile rating of 4. The location is a haven for convenience, with a multitude of amenities at your doorstep, including restaurants, cafes, and essential services, complemented by the breathtaking view of Auckland City from the complex.

Currently tenanted at $315 per week, this unit offers a chance for investors and homebuyers to delve into a rewarding venture. While the building has been subject to weather tight homes tribunal, the determination notes are available for review. This property could be the gem that you'll pat yourself on the back for in the future.

Updated on September 04, 2024