47a Torino Street, Point England, Auckland

Nestled in a serene cul-de-sac at 47a Torino Street, Point England, Auckland, this freehold property is a developer's goldmine. Constructed in 1970 with wood exterior walls and tiled roofing, it offers 5 bedrooms, 3 carparks, and a generous floor area of 125 sqm on a sprawling 1298 sqm plot. The property, with an average wall condition and fair roof condition, sits on a contour with an easy to moderate fall. The capital value has seen a staggering increase of 21.67% from $1,500,000 in July 2017 to $1,825,000 as of June 2021. The HouGarden AVM estimates it at $1,670,000, while the latest sale was for $1,400,000 in October 2020.

For families, the property is zoned for Baradene College (decile 9), Tamaki College (decile 1), and Ruapotaka School (decile 1). It's a prime location with easy access to Panmure township, public transport, and major routes, making it an ideal blend of convenience and potential for future development.

With resource consent for 9 terrace homes, this property is a treasure trove waiting to be unlocked. Auction-bound, unless sold prior, it's a chance not to be missed!

Updated on December 03, 2024