Located at 88 Webster Avenue, Mount Roskill, Auckland - City, this property presents a unique opportunity with its 1328m² of land and a 152m² floor area. The residence, built in 1950, features four bedrooms, wood and iron construction with average condition walls and roof, and is positioned on a level contour. It is classified under Residential - Vacant land multiple housing with a Freehold ownership type, emphasizing its potential for development or renovation.
Over the years, the property has seen a significant increase in capital value, from $1,400,000 in July 2017 to $1,750,000 in June 2021, marking a 25% growth. The latest HouGarden AVM estimates its value at $1,675,000. Remarkably, it was sold twice in recent history for $2,000,000, first in February 2023 and again in January 2024, highlighting its increasing market demand and potential for profit.
The property is ideally located within the school zones of Marshall Laing School (decile 5), May Road School (decile 1), Waikowhai Intermediate (decile 5), and Lynfield College (decile 6), offering a range of educational options for families. Its location in a sought-after area of Mt Roskill, near cafes, eateries, and parks, with easy access to the city and airport, makes it an attractive option for both living and investment.
Updated on April 06, 2024.