Nestled in a serene cul-de-sac at 3/26 Arawa Street, New Lynn, Auckland, this residential unit boasts a charming 2-bedroom, 1-bathroom layout with a single carpark. Constructed in 1979 with a mix of materials for the walls and tiles for the roof, this cross-lease property is in good condition both inside and out. The capital value has seen a significant increase from $470,000 in 2017 to $660,000 as of June 2021, reflecting a growth rate of 40.43%. The property is set on an easy-to-moderate fall contour, offering a low-maintenance lifestyle.
With a HouGarden AVM of $602,500 and a latest sale price of $527,500 in 2024, this property presents a sound investment. The government's valuation history and the latest sale in 2015 for $379,000 further highlight the consistent capital value appreciation. The modern unit is equipped with a heat pump and features an open-plan living area, well-appointed kitchen, and a neat bathroom.
For families with school-aged children, the property falls within the zones of Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston Girls' College (Decile 2), and Fruitvale Road School (Decile 4), ensuring access to quality education.
Updated on December 04, 2024