1b Meadow Crescent, Te Atatu South, Waitakere City

Nestled in the serene environment of 1b Meadow Crescent, Te Atatu South, Auckland, this vacant residential property offers a promising investment on a freehold site. With an undefined number of bedrooms and bathrooms, and no car parks, this level plot of land, sized at 119 square meters, provides a clean slate for potential builders. The property boasts an unknown roof and wall construction, hinting at a unique opportunity to personalize and add value. The government’s capital value assessment as of June 2021 is $490,000, reflecting a steady growth potential. Furthermore, the site has seen RC consent plans and architect-designed proposals for stand-alone dwellings with 2 bedrooms plus a study, split over 2 levels and north-facing, with each unit having 1 off-street car park.

History shows a HouGarden AVM of $495,000, indicating a healthy property valuation. The site has separate titles issued and services readily available on-site. Notably, the property’s CV has seen a significant increase, demonstrating a promising investment trajectory. The recent asking price of $329,000 for 1B Meadow Cres, with a CV of $490,000, underscores the potential for growth and return.

For families with school-aged children, the property falls within the zones of Rutherford College (decile 5), Rangeview Intermediate (decile 4), Henderson High School (decile 3), and Tirimoana School (decile 5), ensuring access to quality education. This combination of a prime location, development potential, and educational opportunities makes it an attractive prospect for both investors and families.

Updated on September 27, 2024