1/5 Sarawia Street, Newmarket, Auckland

Nestled in the heart of Newmarket, Auckland, this charming 1930s Art Deco 1-bedroom home with a full bathroom and a carpark is a perfect blend of classic architecture and modern convenience. It boasts a unit title and is constructed with roughcast walls and a mixed-material roof, both in average condition. The property's capital value has seen a growth of 21.15% from $520,000 in 2017 to $630,000 as of June 2021. The HouGarden AVM estimates it at $632,500, while the latest sale history shows a progression from $247,000 in 2005 to $250,000 in 2006. This residence is located in a prime school zone, with Parnell School, Auckland Grammar, Newmarket School, and Epsom Girls' Grammar School all within reach, boasting high decile ratings of 7 to 9.

With a floor area of 45 square meters, this property offers a warm and inviting living space. The secure carport and storage shed provide convenience, while the functional fireplace adds a touch of nostalgia. This property is not just a home but an investment opportunity, having been a popular rental with a consistent demand from tenants. It's a piece of history that combines the elegance of the past with the potential of the future.

For those seeking a slice of Auckland's vibrant city life, or looking to expand their property portfolio with a solid investment, this iconic Art Deco treasure in a 10/10 location is not to be missed.

Updated on September 28, 2024