Nestled in the serene Orewa suburb, on Auckland's picturesque Hibiscus Coast, sits this charming two-bedroom, one-bathroom residence with a single carpark. Constructed in 1987 with fibrous cement walls and an iron roof, this cross-lease property exudes a cozy, well-maintained ambiance. The capital value has seen a significant increase from $650,000 in 2017 to $860,000 as of June 2021, reflecting a growth rate of 32.31%. The property's latest sale history includes transactions in 1996 and 1990, with the HouGarden AVM currently valuing the property at $800,000. The home is located in a prime school zone, with Orewa Beach School rated a decile 7 and Orewa College, a decile 9 secondary school, both within easy reach.
Boasting a level contour and a generous floor area of 65 square meters, this residence is perfect for first-time buyers, retirees, or investors. The solid structure and flat site make it a stand-out in the neighborhood, while the proximity to the beach, local amenities, and excellent schools ensures a promising investment with potential for future capital gains and attractive rental returns. The property also features a spacious, standalone garage, ideal for storage or workshop purposes.
Part of a deceased estate, this property presents a unique opportunity to own a piece of Kiwi history in a sought-after location. It's a home that's ready to embrace a new chapter, just waiting for the right owner to add their personal touch and enjoy the rewards of a prime property in a thriving community.
Updated on May 14, 2024