Nestled in the serene Hillsborough neighborhood, this charming two-bedroom unit with one bathroom presents a rare opportunity. Constructed in 1960 with a mix of brick exterior and an Iron roof, it sits on an easy/moderate fall contour. The property, with a floor area of 82 square meters, is under a Cross-Lease ownership. Notably, the unit boasts a new colour steel roof installed in 2023. Historically, the Capital Value (CV) has seen a growth of 22.73% from $660,000 in 2017 to $810,000 as of June 2021. HouGarden AVM estimates the property's value at $815,000, making it an attractive prospect for investors.
With a stable rental history and a long-term tenant, this property has been a cherished home for over a decade. Its prime location offers convenient access to local amenities, the Southwestern Motorway, and public transport, with a bus stop mere 200 meters away. The nearby schools, including Mt Roskill Intermediate (Decile 4), Waikowhai Intermediate (Decile 5), and Hillsborough School (Decile 8), add to the property's appeal.
This unit is not just a home but a canvas waiting to be transformed into your dream living space or a lucrative investment. The possibilities are endless in this quiet cul-de-sac, and the time to seize this opportunity is now.
Updated on September 04, 2024