31 Margate Road, Blockhouse Bay, Auckland

Located at 31 Margate Road, Blockhouse Bay, Auckland - City, this three-bedroom bungalow is a gem nestled on a substantial 1,638 square meter site, zoned for Mixed Housing Suburban. The property boasts a freehold ownership type, with a floor area of 80 square meters. Constructed in 1940, the house features wooden walls and an iron roof, both in average condition. The land's contour presents an easy to moderate fall, making it a unique find in today's market.

Over the years, the capital value of this property has seen a significant increase, from $940,000 in July 2017 to $1,150,000 in June 2021, marking a 22.34% growth. The latest HouGarden AVM estimates the property's value at $1,130,000. Historical sales data reveals a steady appreciation, with the property last sold for $885,000 in August 2015, following a sale for $465,000 in November 2013. This trajectory underscores the property's solid investment potential.

The property falls within the school zones of Glenavon School, a full primary with a decile rating of 1, and Lynfield College, a secondary school catering to years 9-15 with a decile rating of 6. These educational institutions provide a range of learning environments for families looking to settle in the area.

Updated on March 22, 2024.