11/3 Ambrico Place, New Lynn, Auckland - Waitakere

Nestled in the vibrant heart of New Lynn, this attractively priced two-bedroom unit with one bathroom presents an ideal opportunity for first home buyers, investors, or retirees. Constructed in 1990 with a mix of materials for the walls and tiles for the roof, this unit is in good condition both inside and out. It boasts a floor area of 80 square meters and is part of a unit title ownership. The property sits on level contour and benefits from a heat pump for climate control. The latest sale was recorded at $630,788 on May 29, 2024, showing a significant increase from the previous sale in 2014 at $355,000.

As for the government's capital value, it has seen a rise from $515,000 in July 2017 to $700,000 as of June 2021, indicating a growth rate of 35.92%. The HouGarden AVM estimates the property's value at $680,000. This unit is not just a home but also a smart investment with a promising CV increase history.

For families with school-aged children, the property falls within the zones of several reputable schools. Kelston Intermediate has a decile rating of 2, Kelston Boys' High School and Kelston Girls' College, both secondary schools, have decile ratings of 3 and 2 respectively. Additionally, New Lynn School is a contributing school with a decile rating of 4, and Blockhouse Bay Intermediate is an intermediate school with a decile rating of 5. Education and convenience go hand in hand with this property.

Updated on August 20, 2024