24 Silverton Avenue, Wai O Taiki Bay, Auckland

Nestled in the serene Wai O Taiki Bay, this freehold property on 24 Silverton Avenue boasts a prime location with sea and reserve views. Constructed in 1950 with brick walls and tiled roof, the well-maintained home sits on a 930m2 site with an easy/moderate contour. It features 3 bedrooms, 2 carparks, and a floor area of 127m2. The property, zoned for Residential - Vacant land multiple housing, has seen a significant Capital Value (CV) increase of 42.11% from $1,425,000 in 2017 to $2,025,000 as of June 2021. HouGarden AVM estimates the property's value at $1,975,000, while the latest sales history shows a jump from $223,000 in 1995 to $242,500 in 1998. Educationally, the property falls within the zones of Glenbrae School (Decile 1) and Tamaki College (Decile 1), with Baradene College (Decile 9) also in proximity.

With a quarter-century of ownership, the vendors are now offering this property with development potential, conveniently located near Mission Bay, St Heliers, and the Auckland CBD. The site enjoys peaceful and expansive surroundings, making it an irreplaceable find for future development. The existing home, with its classic practicality, includes a bathroom, kitchen with family dining, lounge, and additional basement storage with garage and laundry space.

For families with educational considerations, the property is in the catchment area of highly regarded schools, ensuring quality education is within reach.

Updated on August 21, 2024