49 Neil Avenue, Te Atatu Peninsula, Auckland - Waitakere

Located at 49 Neil Avenue, Te Atatu Peninsula, Auckland - Waitakere, this property presents a unique opportunity with its 809 sq mtr THAB zoned land, approved for 6 lots. The residence, a road frontage home from the 1950s era, features four bedrooms, two bathrooms, and spans a floor area of 120 sqm. It's positioned to enjoy all-day sun and offers ample off-street parking, making it an ideal project or intergenerational family home with additional space for a sleepout or a fantastic man cave. The property is constructed with wood walls in good condition and an iron roof also in good condition, sitting on a freehold title. The contour of the land is an easy/moderate rise, suitable for development, renovation, or land banking.

The capital value of the property has seen a significant increase, from $1,025,000 in July 2017 to $1,815,000 in June 2021, marking a 77.07% growth. The latest sale recorded was for $1,500,000 in June 2022, following a previous sale at $950,000 in July 2016. The HouGarden AVM estimates the property's value at $1,619,500. This property's investment potential is underscored by its rapid capital value increase and its prime location for development.

Education is a priority, and this property is zoned for several reputable schools, including Matipo Road School (decile 7), Te Atatu Intermediate (decile 6), Rutherford College (decile 5), and St Paul's School (Massey) (decile 4). Its location offers easy access to shops, parks, bus stops, and great schools, along with the North-Western Motorway and the Northwest shopping centre nearby, making it a strategic choice for families and developers alike.

Updated on April 05, 2024.