2/42 Orakei Road, Remuera, Auckland

Nestled on the prestigious northern slopes of Remuera, this mid-1970s concrete-and-cedar residence boasts 3 bedrooms, 2 bathrooms, and 2 car parks. The 111sqm floor area is complemented by a well-maintained wood exterior and tiled roof, sitting on a cross-lease title. The property has shown a Capital Value (CV) increase of 7.94% from $1,575,000 in 2017 to $1,700,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,552,500, while the latest sales were recorded at $1,110,000 in 2014 and $620,000 in 2010.

With a CV growth rate that outpaces the market average, this home's value is on the rise. It is set on a property with an easy/moderate fall contour, enjoying good wall and roof conditions, enhancing its long-term investment potential.

For families, the property falls within the catchment area of top-rated schools, including Auckland Grammar, Epsom Girls' Grammar School, Baradene College, Remuera Intermediate, and Remuera School, all boasting high decile ratings. This combination of quality education and a prime location makes it an attractive opportunity for those seeking a sound investment in a desirable Auckland suburb.

Updated on December 13, 2024