6/4 Panorama Road, Mount Wellington, Auckland

Nestled in a serene environment at 6/4 Panorama Road, Mount Wellington, Auckland, this charming residential unit boasts 2 bedrooms, 1 bathroom, and a floor area of 60 square meters. Constructed in 1973 with brick walls and tiled roofing, this cross-lease property is complemented by a fair roof condition and an average wall condition. The living space is graced with ample natural light, thanks to its northern and western aspects, and is kept comfortable by a heat pump and HRV system. An added bonus is the sleepout/studio/office space and a carport with an attached storage room. Notably, there are no Body Corporate fees, and the current tenants pay $580 per week plus water. The property has seen a CV increase of 33.33% from $570,000 in 2017 to $760,000 as of June 2021, with a HouGarden AVM of $730,000. The latest sale was in 2011 for $250,200. It's located in the catchment area of Bailey Road School, One Tree Hill College, and Baradene College, with the latter two having decile ratings of 3 and 9 respectively.

With a prime location, minutes away from Sylvia Park, Ellerslie, Penrose Train Station, and a bus route, this property presents a golden opportunity for an astute buyer to invest in a home with immense potential for further enhancement.

Act now and secure this property in a sought-after school zone, where educational excellence is within easy reach.

Updated on April 19, 2024