Located at 588 Mount Wellington Highway, Mount Wellington, Auckland - City, this residential dwelling is a unique blend of business and residential use. The property features two bedrooms, a living room, kitchen-dining area, and a bathroom with a separate toilet, all within a floor area of 90m2. Constructed in 1940, the brick-and-tile home sits on a level, freehold land of 552m2. The exterior walls are made of brick and the roof of tiles, both in average condition. This property, with its Business Mixed Use zoning, offers a canvas for a multitude of possibilities, from professional premises to a home/business setup.
The property has seen a significant increase in capital value, from $620,000 in July 2017 to $965,000 in June 2021, marking a 55.65% growth. The latest sale was recorded on December 22, 2022, for $775,000, following a previous sale on February 24, 2017, for $625,500. The HouGarden AVM estimates the property's value at $927,500, highlighting its financial appeal and investment potential.
In terms of education, the property falls within the zone for Otahuhu College, a secondary school (Year 9-15) with a decile rating of 1. This location offers a strategic advantage for families looking for educational opportunities in the area.
Updated on April 06, 2024.
