2/8 Penguin Drive, Murrays Bay, North Shore City

Nestled in the prestigious Murray's Bay, this exquisite property boasts a serene cul-de-sac location, offering a perfect blend of space and privacy. Constructed in 1994 with mixed materials for the walls and tiles for the roof, the dwelling maintains a good condition both inside and out. It features 4 bedrooms, 2 car parks, and a floor area of 226 square meters, all set on a steep rise for added grandeur. The freehold property is under a Cross-Lease title, ensuring a secure ownership structure.

With a significant Capital Value (CV) increase of 26% from $1,230,000 in 2017 to $1,550,000 as of 2021, and an estimated value of $1,440,000 by HouGarden AVM, this property also boasts a strong sales history, with the latest sale recorded at $702,000 in 2010. The CV growth and sales history indicate a sound investment opportunity.

For families with children, the property falls within the zone of top-rated schools, including Murray's Bay Primary, Murrays Bay Intermediate, Northcross Intermediate, and Rangitoto College, all decile 10 institutions. This ensures access to an excellent education within walking distance. This property is not just a home; it's an investment in a lifestyle.

Updated on July 05, 2024