16 Eastdale Road, Avondale, Auckland

Nestled in the serene cul-de-sac of Eastdale Road, this 1961-built, freehold property presents a versatile living space with immense potential. The residence boasts five spacious bedrooms, a generous floor area of 174sqm, and is set upon a sizeable section of 698sqm. Constructed with wooden walls and an iron roof, both in average condition, this home is perfect for a growing family or an investor seeking a property with a high capital value growth rate of 50% over the past four years, from $1,100,000 to the current $1,650,000 CV. The latest HouGarden AVM estimates the property's worth at $1,532,500, making it an attractive opportunity in the Avondale real estate market.

With a history of two sales, the last recorded in 1990 for $120,000, this property has seen its value soar. The current owners have made some improvements, including the addition of a second level and modern kitchen touches, yet it still requires attention to truly flourish. The property's location within the decile 2 Rosebank School and Avondale Intermediate zones, and the decile 4 Avondale College, makes it an ideal choice for families with educational considerations.

Externally, the property offers a versatile extra room, a modest garden, and a large swimming pool. This home, with its easy-to-moderate fall contour, awaits a visionary to transform it into a shining gem in the heart of Auckland's city. If you're looking to embark on a project that promises both challenge and reward, this is the property for you.

Updated on July 02, 2024