7 Penney Avenue, Mount Roskill, Auckland

Located at 7 Penney Avenue, Mount Roskill, Auckland - City, this property presents a unique opportunity with its 3 bedrooms, brick walls, tile roof, and a floor area of 104m² on a substantial 895m² freehold land. Built in 1950, the condition of the walls and roof are average, and the property contour is level, categorised under Residential - Vacant land multiple housing. This property does not include bathrooms or car parks in the listing details.

From a financial perspective, the capital value has seen a significant increase from $940,000 on July 1, 2017, to $1,650,000 on June 1, 2021, marking a 75.53% growth. The HouGarden AVM estimates the property's value at $1,582,500. Historical sales data reveals transactions at $205,000 on May 5, 1998, and $220,000 on November 2, 1998. The property's potential is highlighted by its zoning under the Auckland Unitary Plan as Mixed Housing Suburban Zone, subject to council consent, making it an attractive option for development, investment, or land banking.

In terms of education, the property falls within the zones for Lynfield College (Secondary, decile 6), May Road School (Contributing, decile 1), and Waikowhai Intermediate (Intermediate, decile 5), offering a range of educational opportunities for families.

Updated on April 05, 2024.