341 New North Road, Kingsland, Auckland

Nestled on a prime freehold site of 372sqm on New North Road, Kingsland, Auckland, stands a charming 109sqm character standalone with a brick exterior and tiled roof, built in 1930. This property, with an average wall and roof condition, offers a versatile Business - Mixed Use zoning with additional height overlay up to 21m. The property's highlights include 3 bedrooms, and it presents an affordable entry point for investors, occupiers, or developers looking to tap into the rental demand and potential long-term capital gains in the city fringe. Notably, the capital value has seen a growth of 13.64% from $1,650,000 in 2017 to $1,875,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,478,500, while the latest sale records from 2024 and 2019 indicate prices of $1,270,000 and $1,590,000 respectively.

For families, the property falls within a desirable school zone. Pasadena Intermediate and Western Springs College, both with a decile rating of 8, are in close proximity. Other schools in the area include Newton Central School (decile 7), Mt Albert Grammar School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3), making this an ideal location for educational pursuits.

With its excellent road frontage and sought-after city fringe location, this property is a golden opportunity not to be missed.

Updated on August 14, 2024