1/176 Lake Road, Belmont, Auckland - North Shore

Nestled in the serene Belmont, this charming 3-bedroom, 1-carpark home on a cross-lease title boasts an iron roof and wooden exterior walls, constructed in the 1920s. With a floor area of 107 square meters, this property presents an average condition both inside and out, sitting on a land with an easy to moderate fall contour. The potential for transformation is immense, with the added benefit of being in close proximity to the highly rated Takapuna Grammar School and Belmont Intermediate, both decile 10 institutions. Since 2017, the Capital Value (CV) has seen a growth of 34.41%, reaching $1,250,000 as of June 2021. HouGarden’s AVM estimates the property’s worth at $1,260,000, while the latest sale history shows a significant increase from $400,000 in 2006 to $860,000 in 2024, indicating a sound investment opportunity in this prime location.

With a heat pump to maintain comfort year-round, this property is not just a home but a canvas waiting to be transformed into your dream haven. The recent CV increase and the prospect of converting to freehold ownership add to the allure of this property, which is not only centrally located but also mere steps away from the scenic St. Leonard Beach. This is a chance to seize a piece of North Shore’s most desirable real estate, perfect for those with a vision for renovation and a taste for the finer things in life.

Education is a cornerstone of any family’s decision, and this property is zoned for some of the best schools in the area. Takapuna Grammar School, Belmont Intermediate, and Belmont School all offer exceptional education within walking distance. This combination of location, potential, and educational opportunity makes it an ideal choice for families looking to settle in a thriving community.

Updated on October 02, 2024