20 Dedwood Terrace, Saint Marys Bay, Auckland

Nestled in the serene Saint Marys Bay, this freehold property at 20 Dedwood Terrace boasts a versatile layout with 6 bedrooms and 3 bathrooms, strategically split into two tenancies. Constructed in 1900 with wood walls and an iron roof, it presents an average condition, sitting on a steep fall contour with a floor area of 217sqm and a land area of 300sqm. The property's capital value has seen a significant increase from $1,800,000 in 2017 to $2,525,000 as of 2021, reflecting a growth of 40.28%. The latest sale history showcases a sale price of $2,450,000 in 2024 and $1,338,500 in 2014. HouGarden AVM estimates the property's value at $2,465,000, making it an attractive prospect for investors. Educationally, the property falls within the decile 8 Western Springs College, decile 10 Ponsonby Primary School, decile 9 Ponsonby Intermediate, and decile 3 Auckland Girls' Grammar School zones, ensuring top-notch education for residents.

With potential for either enjoying rental income or renovating into a substantial family home, this property is a rare find. Its stunning location offers views stretching to the Waitemata and Harbour Bridge, while the turn-of-the-century features provide a solid foundation for a skillful renovation. A true money-maker, this property is reluctantly offered by the vendors, pursuing another opportunity. A must-see for any discerning buyer!

Located in a prime school zone, the property is served by highly-rated educational institutions. Western Springs College, Ponsonby Primary School, Ponsonby Intermediate, and Auckland Girls' Grammar School all contribute to a robust educational ecosystem, promising a bright future for the young residents.

Updated on August 21, 2024