40a Ellis Avenue, Mount Roskill, Auckland

Nestled in the heart of Central Auckland, 40a Ellis Avenue presents a charming opportunity for first-time buyers or investors seeking a low maintenance rental. This well-kept residence, built in 2004 with roughcast walls and an iron roof, boasts a cross-lease title and sits on a steep fall property contour. Inside, the 100sqm floor area is thoughtfully arranged into three bedrooms, one bathroom with separate toilet, and an internal garage with off-street parking. The split-level layout provides a comfortable separation between living and bedroom spaces, while the heat pump and HRV system ensure warmth during the coldest winter nights. The property has seen a recent refurbishment, including new carpet, fresh paint, and a modern kitchen.

From a financial perspective, the property has shown a promising growth with a Capital Value (CV) increase of 33.85% from $650,000 in 2017 to $870,000 as of June 2021. The HouGarden AVM estimates the property's value at $835,000, while the latest sale history includes transactions in 2012 for $300,000 and in 2004 for $276,000. These figures indicate a steady appreciation over the years.

For families with children, the property falls within the zones of highly regarded schools. Marshall Laing School, a contributing school with a decile rating of 5, Blockhouse Bay Intermediate at decile 5, and Lynfield College, a secondary school with a decile rating of 6, are all within easy reach. This combination of location, comfort, and investment potential makes 40a Ellis Avenue an attractive proposition.

Updated on October 22, 2024