4 Norrie Avenue, Mount Albert, Auckland

Nestled in the serene cul-de-sac of Norrie Avenue, Mount Albert, Auckland, lies a valuable freehold property on a prime 627 sqm lot. This 1950s weatherboard dwelling boasts 2 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 71 sqm. The Iron roof and wooden walls are in fair and average condition respectively. With a CV of $1,750,000 as of June 2021, this property has seen a remarkable 50.86% increase since July 2017. The HouGarden AVM estimates the property's worth at $1,705,000, making it an attractive investment. The location is further enhanced by its zoning for top-rated schools, including the Gladstone School (Decile 9) and Mt Albert Grammar School (Decile 7), ensuring a quality education for the family.

Historically, this property has shown a strong capital value growth, presenting a secure investment opportunity. The potential for renovation, subdivision, or redevelopment, subject to council approval, adds to its appeal. This is a must-sell opportunity as the estate beneficiaries are committed to a sale, and such chances in this prime location rarely last long.

Educationally, the property falls within the catchment area of esteemed institutions. Mt Albert Grammar School offers secondary education (Year 9-15) and holds a Decile rating of 7, while Kowhai Intermediate School, also Decile 7, provides intermediate education. This combination of location, potential, and educational opportunities makes this property a rare find.

Updated on August 29, 2024