4 Commercial Road, Grey Lynn, Auckland

This charming 2-bedroom, 1-bathroom cottage at 4 Commercial Road, Grey Lynn, Auckland - City, offers a unique blend of historical character and potential for modern living. With a floor area of 70m² and sitting on a 306m² freehold section, this property boasts classic wooden walls and an iron roof, both in fair condition, reflecting its 1900 construction. The level contour of the property adds to its appeal, providing a solid foundation for future enhancements. Despite lacking off-street parking, its prime location and the flexibility it offers for renovation or extension make it an attractive proposition.

The property has seen a significant increase in capital value, from $1,060,000 in July 2017 to $1,825,000 in June 2021, marking a 72.17% growth. The HouGarden AVM estimates its value at $1,795,000. Its last sale was in March 2007 for $200,000, indicating a substantial appreciation over time. This growth trajectory underscores the property's investment potential and the vibrant market dynamics of Grey Lynn.

Education is a priority, and this home is zoned for several high-decile schools, including Grey Lynn School (decile 9), Pasadena Intermediate, Western Springs College, Newton Central School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3). These options provide a range of quality educational opportunities, making it an ideal choice for families.

Updated on March 22, 2024.