1 Punga Street, Mount Eden, Auckland

Nestled in the charming cul-de-sac of Punga Street, this 1900-built Mt Eden villa presents a rare opportunity on the city fringe. The 4-bedroom, 4-carpark home sits on a freehold 480sqm section with a floor area of 173sqm. Constructed with wood walls and an iron roof, both in good condition, the property boasts a capital value of $2,475,000 as of June 2021, a 37.5% increase from its $1,800,000 valuation in July 2017. The HouGarden AVM estimates the property's worth at $2,490,000, while the latest sales were recorded at $1,122,000 in 2012 and $650,000 in 2002.

With a CV growth rate that outpaces the market, this property is not just a home but a sound investment. The open plan living with indoor/outdoor flow, a generous covered patio, and a private garden make it perfect for entertaining and family life. The master bedroom features an ensuite, and the garden studio offers versatile space for work or play.

Educationally, the property is zoned for top-rated schools: Auckland Grammar (Decile 9), Mt Eden Normal School (Decile 10), Mt Albert Grammar School (Decile 7), Kowhai Intermediate School (Decile 7), and Auckland Girls' Grammar School (Decile 3). This is a home that not only promises comfort and convenience but also a bright future for the family.

Updated on September 03, 2024