57 Walters Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of 57 Walters Road, Mount Wellington, Auckland, this residential dwelling on a freehold title boasts a charming 1950 construction. The 3-bedroom home, with wooden exterior walls in good condition and tile roofing that's seen average wear, sits on a levelled 779m2 of land. Inside, the 112m2 floor area provides a blank canvas for renovation. The property's capital value has seen a significant increase, rising from $850,000 in 2017 to $1,385,000 as of June 2021, marking a growth of 62.94%. This is an ideal opportunity for developers or home enthusiasts looking to capitalize on a property with immense potential.

Reflecting a HouGarden AVM of $1,392,500, the property also carries a history of solid investment. The recent sale history and rapid capital value escalation indicate a promising future for this address. With no car parks specified, the focus is truly on the land and the structure's potential, making it a prime candidate for further development or a transformative renovation project.

For families with school-aged children, the property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. This quiet neighborhood is not only convenient for commuting and local amenities but also for accessing quality education. Don't miss the chance to seize this fantastic opportunity in a sought-after location.

Updated on September 27, 2024