194 Penrose Road, Mount Wellington, Auckland

Nestled in the heart of Mount Wellington, Auckland, this charming 4-bedroom mid-century home on 194 Penrose Road boasts a freehold title and is set on a generously sized 450m2 section with an easy/moderate fall contour. The residence, built in 1950, features brick walls and a tiled roof in average condition, along with polished timber floors and a modern aesthetic. The property's capital value has seen a rapid increase of 39.74% from $780,000 in 2017 to $1,090,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,042,500, while the latest sales were recorded at $500,000 in 2013 and $340,000 in 2007.

With a floor area of 150sqm, this family abode is not only an ideal rental investment but also a perfect place to cherish the joy of family life. The property falls within the zones of Baradene College (decile 9), One Tree Hill College (decile 3), and Bailey Road School (decile 3), offering a range of educational options for the family. Its proximity to Sylvia Park's shopping, dining, and entertainment, along with convenient access to public transport and scenic walks, adds to the appeal of this centrally located property.

Whether you're a first-time buyer or an investor, this polished and position-ready home is a dream within reach. Don't miss the opportunity to live, rent, and love it!

Updated on April 24, 2024