2/46 Gladys Avenue, Glenfield, Auckland - North Shore

Embrace the potential of this 3-bedroom, 1-bathroom home, set in a serene cul-de-sac on Gladys Avenue, Glenfield. Constructed in 1989 with iron roofing and wooden walls in good condition, this cross-lease property offers a floor area of 90 square meters. The capital value has seen a significant increase of 22.86% from $700,000 in 2017 to $860,000 as of June 2021. The property, though currently red stickered by the Auckland Council due to recent natural events, presents a unique opportunity for investors or builders with a vision for its transformation. The latest sales history shows a progression from $355,000 in 2007 to $400,000 in 2012, with the current HouGarden AVM estimating the value at $852,500. Close to Manuka Primary School and Glenfield Intermediate, both decile 6, this property is ideal for families looking to capitalize on the sought-after school zones.

Despite the challenges, this property holds immense promise for those willing to undertake the necessary geotechnical work. It's a golden opportunity to turn a complex project into a lucrative investment. With a detached double garage, fully fenced for privacy, and located near Glenfield Mall, schools, and transport links, the convenience is unparalleled. This is not a typical purchase, and the vendor is highly motivated, welcoming all offers. It's a perfect fit for seasoned investors, renovators, or developers with the expertise to rejuvenate this property.

Educationally endowed, the property falls within the zones of both Manuka Primary School and Glenfield Intermediate, known for their contributing and intermediate school statuses, respectively. The school deciles of 6 reflect the high standard of education in the area, making this property an attractive prospect for families with academic aspirations.

Updated on November 14, 2024