1/37 Patteson Avenue, Mission Bay, Auckland

Nestled in the serene Mission Bay, 1/37 Patteson Avenue presents a charming residential unit with a rich history dating back to 1940. This 2-bedroom home, with a single carpark, is set on a level contour and boasts a floor area of approximately 109m2. The exterior walls, crafted from wood, are in good condition, complemented by an average iron roof. It holds a Cross-Lease title, ensuring a unique ownership experience. The property has seen a significant Capital Value increase of 26.4% from $1,060,000 in 2017 to $1,340,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,285,000, making it an attractive investment opportunity.

With a government valuation on the rise and a recent sale history, this property offers potential for further growth. The home's spacious layout, waiting to be modernized, includes separate living, kitchen, and dining areas. Original timber floors, when polished, will add a touch of elegance. Its supreme location, with a flat walk to Mission Bay's shops and cafes, and easy access to the Tamaki Express bus service, adds to the appeal.

For families with school-aged children, the property falls within the zones of highly-rated schools. Baradene College, a secondary school with a decile rating of 9, and Selwyn College, with a decile rating of 4, are within reach. Additionally, Kohimarama School, a full primary school with a decile rating of 10, ensures a quality education for younger students.

Updated on October 29, 2024