Nestled on a prime 689sqm freehold section in the sought-after suburb of Point Chevalier, Auckland, this 4-bedroom residential dwelling is a gem. Constructed in 1920 with wood walls and an iron roof, it boasts an average condition with a floor area of 154sqm. The property, located at 172 Point Chevalier Road, is in a Level contour and has a single carpark. It's a prime development opportunity in the Mixed Housing Urban (MHU) zone with approx. 16m road frontage.
Since 2017, the capital value has seen a remarkable increase of 79.69%, reaching $2,300,000 as of June 2021. The HouGarden AVM estimates it at $2,205,000, while the latest sale was recorded in 1983 at $66,000. This is an ideal investment for investors, land bankers, or developers looking to tap into the potential of this city-fringe location.
For families, the property falls within the zones of highly-rated schools: Pasadena Intermediate (Decile 8), Pt Chevalier School (Decile 10), and Western Springs College (Decile 8). The location is convenient, with Point Chev shops just 700m away, offering amenities like Woolworths and the Daily Bread, and easy access to public transport along Point Chevalier Road.
Updated on October 03, 2024