1/62 Abbotts Way, Remuera, Auckland

Nestled in the serene cul-de-sac of Abbotts Way, this 3-bedroom, 1-bathroom unit with a single carpark presents an inviting opportunity. Constructed in 1960 with brick walls and an iron roof, this unit is situated on a level contour with average wall and roof conditions. It boasts a floor area of 70 square meters and is under the Unit Title ownership. The property's Capital Value has seen a significant increase from $720,000 in 2017 to $950,000 as of June 2021, reflecting a growth of 31.94%. The latest sale was recorded at $980,000 in November 2021, a substantial leap from the $470,000 sale in 2012. The HouGarden AVM estimates the property's value at $927,500.

For families with educational pursuits, the property falls within the zones of top-performing schools such as Baradene College (decile 9) for secondary education, Remuera Intermediate (decile 8), Selwyn College (decile 4), Ellerslie School (decile 9) for full primary education, and One Tree Hill College (decile 3). This addresses a prime concern for those seeking an education-focused property investment.

Located in the heart of Remuera, the property is a stone's throw away from the vibrant Lunn Avenue retail hub and close to Waiatarua Reserve and Dog Park, with the prestigious Remuera Golf Club nearby. It's an ideal choice for those looking for a high-end market entry or for investors seeking solid returns and the convenience of a lock-up-and-leave lifestyle.

Updated on August 16, 2024