49 Rata Street, New Lynn, Auckland - Waitakere

Nestled on a generous 900m2 section at 49 Rata Street, New Lynn, Auckland, this freehold property is a Residential - Home & income opportunity. The 1984-built home features 6 bedrooms, 2 carparks, and a floor area of 146sqm. Constructed with fibrous cement walls and an iron roof, both in good condition, the property is situated on a level contour. The government's capital value has seen a significant increase from $900,000 in 2017 to $1,825,000 as of 2021, reflecting a growth rate of 102.78%. The HouGarden AVM estimates the property's value at $1,780,000, while the latest sales history includes transactions in 1999 and 1995 at $184,000 and $167,000 respectively.

For families, the property falls within the zones of Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston Girls' College (Decile 2), and New Lynn School (Decile 4). This ensures access to quality education in the area. The property's location is a quiet cul-de-sac, offering a serene environment for residents.

With a combined weekly income of $1060 from the main residence and minor dwelling, this property presents an attractive investment. Adding to its appeal, there's potential for subdivision, subject to council approval. This property is not just a home and income; it's a promise of endless possibilities in a thriving suburb of West Auckland.

Updated on August 16, 2024