99a Rockfield Road, Penrose, Auckland

Nestled in the serene Rockfield Road, this residential dwelling on a cross-lease title boasts a charming originality with ample scope for transformation. The 122sqm floor area home, built in 1980 with iron roofing and wood exterior, stands in good condition. It features four bedrooms, including a master with a walk-in wardrobe, and a study area. The property, with a CV of $1,200,000 as of June 2021, has seen a growth of 37.93% since July 2017. The latest sale was in 1992 for $120,000, while the current HouGarden AVM estimates it at $1,027,500.

History shows a promising increase in capital value, making it an attractive investment. The quiet cul-de-sac location provides privacy and security, with a driveway, garage, and off-street parking that can accommodate a caravan or boat. The open plan living extends to a sundrenched deck, ideal for outdoor enjoyment, while the fenced backyard is perfect for children and pets.

For families, the school network is a significant plus. Baradene College, a secondary school with a decile rating of 9, is in the zone, along with Oranga School (decile 3), Royal Oak Intermediate School (decile 2), Te Papapa School (decile 2), and One Tree Hill College (decile 3). Close to local amenities, parks, and with easy access to public transport and main routes, this property is not just a home but a wise investment.

Updated on September 25, 2024