44 Margate Road, Blockhouse Bay, Auckland

Nestled in the prime location of Blockhouse Bay, Auckland, this charming residential dwelling at 44 Margate Road is a freehold property built in the 1950s. It boasts three spacious bedrooms, a separate lounge, and an open-plan kitchen and dining area that extends to a well-appointed deck, perfect for soaking up the afternoon sun. The home sits on a fully fenced section of approximately 400 square meters with an iron roof and fibrous cement walls in fair and average condition. The property, with a floor area of 109 square meters, has no designated car parks.

Since the latest sale in 2004, the property has seen a significant increase in value. As of June 2021, the capital value has risen to $900,000, marking a 32.35% increase from the $680,000 valuation in July 2017. The HouGarden AVM estimates the property's value at $862,500. The historical sale records show a sale price of $343,000 in September 2004 and $320,000 in August of the same year.

For families with children, the property falls within the zones of both Glenavon School, a full primary with a decile rating of 1, and Lynfield College, a secondary school catering to years 9-15 with a decile rating of 6. This home is not just a Gem in the heart of Blockhouse Bay; it's a wise investment in education and real estate.

Updated on April 30, 2024