13 Scarboro Terrace, Murrays Bay, Auckland - North Shore

Nestled in the prestigious seaward-side locale of Scarboro Terrace, Murrays Bay, this 1950s residential dwelling boasts 3 bedrooms, 1 bathroom, and 2 car parks. Constructed with durable brick walls and tiled roofing, the property sits on a freehold land of 1012m2 with an easy-to-moderate contour. The current government capital value (CV) stands at $2,925,000 as of June 2021, reflecting a growth of 39.3% since July 2017. The building, with a floor area of 160m2, presents a solid foundation for a luxurious family home or a multi-unit development, given its north-facing aspect and stunning sea views.

With a HouGarden AVM estimate of $2,802,500 and a latest sale record of $1,330,000 in July 2012, this property offers a golden opportunity for investors. The CV growth history and development potential make it an attractive prospect in the North Shore's highly sought-after neighborhood. Moreover, the presence of EPA approval, 150mm wastewater on-site, and accessible storm water connections, paves the way for potential development plans.

For families, the property falls within the decile 10 school zones of Murrays Bay Intermediate, Murrays Bay School, and Rangitoto College, ensuring top-tier education for children. Just a short stroll from the beautiful Murrays Bay and Mairangi Bay beaches, this property invites a lifestyle of relaxation and convenience, making it a prime coastal development opportunity.

Updated on October 22, 2024