40a Ballarat Street, Ellerslie, Auckland City

Nestled in the serene Ellerslie, Auckland, this 4-bedroom family home with a self-contained studio presents an oasis of comfort and potential. Constructed in 1980 with iron roofing and wooden walls in good condition, the property sits on a level contour. It boasts a floor area of 140m², excluding the studio, and is held under a Cross-Lease ownership. The property's government valuation (CV) stands at $1.6 million as of June 2021, reflecting a rapid increase over the years. The HouGarden AVM estimates the property's worth at $1,532,500, hinting at a promising investment opportunity.

History reveals a consistent rise in the property's value, with a notable percentage increase in its capital value. Recent sales in the area further validate the growing trend. This residence, located in a quiet cul-de-sac, offers privacy, ample sunlight, and easy access to Ellerslie Village, Michaels Ave reserve, and transport links, making it an ideal choice for families.

For families with educational concerns, this property falls within a highly sought-after school zone. The local schools are known for their high decile ratings, ensuring a quality education for your children. This combination of a prime location, increasing property values, and educational excellence makes this property a rare find indeed.

Updated on October 22, 2024