3/50 Ascot Avenue, Remuera, Auckland

Nestled in a serene environment off Ascot Avenue, this 1987-built, cross-lease property boasts a charming roughcast exterior and a robust tile roof. The recently refurbished home, held by the same family for 15 years, features 3 bedrooms, 2 carparks, and a generous floor area of 172sqm. Enjoying a north-facing aspect, it bathes in all-day sunshine, complemented by a expansive private backyard that adds to the appeal. The property has seen a significant Capital Value (CV) increase, rising from $1,400,000 in 2017 to the current $1,675,000, a growth of 19.64%. The HouGarden AVM estimates the property at $1,557,500, while the latest sales history shows a progression from $360,000 in 2000 to $432,000 in 2003.

For families with education as a priority, the double Grammar zone and proximity to Remuera Primary and Intermediate schools are a significant draw. Auckland Grammar, Epsom Girls' Grammar, and Baradene College, all decile 9, are within reach, ensuring top-notch education. The property's location also offers easy access to Remuera Village and Ascot Hospital, with Greenlane Roundabout and the Southern Motorway nearby for commuters.

With a CV of $1,675,000 (2021) and a desirable school zone, this property presents an attractive opportunity for both investors and families. The auction reserve has been set below $1,199,000, indicating a chance for a swift and smooth purchase.

Updated on July 04, 2024