Located at 7 Te Kawau Pass, Greenhithe, Auckland - North Shore, this unique residential property offers a blend of home and income potential. The freehold property spans over a generous land area of 4000 square meters, with a substantial floor area of 360 square meters. It features a wooden wall construction and tile roofing, both in average condition, dating back to 1950. The property is level, boasting 4 car parks, and is nestled in a serene environment.
Over the years, the capital value of this property has seen a significant increase, from $2,375,000 in July 2017 to $2,725,000 in June 2021, marking a growth of approximately 14.74%. The latest sale recorded on December 6, 2023, was at $3,085,000, up from $394,000 in March 1998. The HouGarden AVM estimates the property's value at $2,680,000, reflecting its desirability and investment potential.
The property is zoned for top-tier educational institutions, including Greenhithe School, Albany Senior High School, and Albany Junior High School, all boasting a decile rating of 10. Additionally, it is within the zone for St Paul's School (Massey) with a decile rating of 4, ensuring a range of quality education options for families.