6 Mcrae Road, Mount Wellington, Auckland

Located at 6 Mcrae Road, Mount Wellington, Auckland - City, this residential property offers a unique home & income opportunity. Built in 1958, the house boasts 4 bedrooms, a north-facing living room that opens up to a courtyard, a separate kitchen, dining, and bathroom upstairs. Downstairs features a large ensuite, games room, laundry, conservatory, and ample storage room, complete with a separate power meter box. The property spans 174m² in floor area on a generous 703m² freehold section. Its wood construction and tile roof are in good and average condition, respectively, and the land has an easy/moderate fall contour.

The property has seen a significant increase in capital value, from $990,000 in July 2017 to $1,325,000 in June 2021, marking a 33.84% growth. The latest sale was recorded at $1,350,000 in August 2021, demonstrating its high demand. The HouGarden AVM estimates its value at $1,270,000. This property is not just a home but a potential development site, zoned for Terraced Housing and Apartment Buildings (THAB), indicating a lucrative opportunity for developers.

Located in a sought-after school zone, the property offers access to high-decile Baradene College (decile 9) and lower-decile Bailey Road School (decile 3), Sylvia Park School (decile 2), and One Tree Hill College (decile 3). This mix provides a range of educational opportunities, making it an ideal location for families. The property's proximity to Countdown Supermarket, public transport, Sylvia Park, and easy motorway access further enhances its appeal.

Updated on April 06, 2024.