46 Maungawhau Road, Epsom, Auckland

Nestled in the prestigious Epsom neighborhood of Auckland, this prime freehold property at 46 Maungawhau Road offers a rare opportunity. The vacant site spans an expansive 1,320 square meters with potential secondary access from Almorah Road, providing a blank slate for your architectural vision. The site's easy-to-moderate contours and views of Rangitoto from a raised perspective are just a few of its appealing features. As for the property's financials, the capital value has seen a growth of 2.53% from $1,975,000 in 2017 to $2,025,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,887,500, while the latest sale in 1984 was for $60,000. This property is not just about numbers; it's about potential, location, and a promising future in a sought-after school zone.

With a CV increase that outpaces the market average, this property is a sound investment. The site's history is marked by a single sale in 1984, indicating its stability and desirability. The current capital value growth is a testament to the area's ongoing popularity and potential for further appreciation. This is a golden opportunity to enter a market with strong fundamentals and a bright outlook.

Education is a key highlight, with the property being zoned for Auckland Grammar (Decile 9), Newmarket School (Decile 7), Auckland Normal Intermediate (Decile 9), and Epsom Girls' Grammar School (Decile 9). These highly-rated institutions are within reach, making this an ideal location for families with academic aspirations. Whether you envision a dream home or a strategic development, this property is the cornerstone of success in Auckland's most esteemed educational district.

Updated on May 20, 2024