3/7 Laburnum Road, New Windsor, Auckland

This rear sited property at 3/7 Laburnum Road, New Windsor, Auckland - City, is a gem for those looking to start or expand their property portfolio. Comprising an attractively presented two-bedroom unit, it's part of a row of three, occupying the optimal spot for privacy and convenience. Built in the 1960s, the unit boasts a floor area of 66m² on a level contour, with brick walls and tile roofing, both in average condition. The cross-lease ownership type underlines a shared interest in the land, with this unit having no specific land area attributed to it. The modern interior and low maintenance features, including quality carpet and laminated flooring, HRV climate control, and a heat pump in the combined lounge and dining area, make it an appealing choice for investors and first-time buyers alike.

The property has seen a significant increase in capital value, from $670,000 in July 2017 to $850,000 in June 2021, marking a 26.87% growth. The HouGarden AVM estimates its value at $837,500. This growth trajectory, combined with its strategic location minutes from amenities and transport options, makes it a lucrative investment. The updated kitchen, sunny patio, and convenient parking with a double carport and one off-street space add to its appeal.

Education is a key factor for many property buyers, and this unit does not disappoint. It is zoned for New Windsor School (decile 4), Blockhouse Bay Intermediate (decile 5), and Lynfield College (decile 6), offering a range of educational opportunities for families. The property's location also provides easy access to the southwestern motorway, Mt Roskill shopping precinct, parks, and golf courses, ensuring a balanced lifestyle for its residents.

Updated on March 26, 2024.