1/68 Ruawai Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of Ruawai Road, this residential gem in Mount Wellington, Auckland, boasts a cross-lease title on a site with an easy/moderate fall. Constructed in 1970, the property features mixed-material walls and tiled roofing, both in average condition. It comprises two spacious residences, each with 3 large bedrooms, offering a total floor area of 180sqm. The upper level enjoys elevated views from its generous decks, while the ground level provides a private and contemporary 3-bedroom flat. With a current Capital Value (CV) of $1,075,000 as of June 2021, this property has seen a 22.86% increase since July 2017. The HouGarden AVM estimates it at $985,000, and the latest sale was in December 2014 for $610,000.

For investors, the rental return is outstanding, with an independent appraisal suggesting $1,380 to $1,440 per week. The low-maintenance gardens and the exclusive use of approximately 220sqm of land provide ample space for outdoor activities. In terms of education, the property falls within the zones of Baradene College (decile 9), One Tree Hill College (decile 3), Bailey Road School (decile 3), and Sylvia Park School (decile 2), ensuring quality education for all ages.

This property offers a rare opportunity to secure not just a home but also a substantial income potential. Whether it's for extended family, additional bedrooms, or investment, this 2-for-1 package is perfectly positioned for convenience, accessibility, and future growth.

Updated on December 05, 2024