736 Remuera Road, Remuera, Auckland

Nestled in a serene cul-de-sac on the prestigious northern slopes of Remuera, this charming 1940s brick and tile family home offers a lifestyle of convenience and potential. With 4 bedrooms, 2 bathrooms, and 3 car parks, the property sits on a generous 307sqm floor area within a sprawling 1328sqm freehold section. The roof and walls are in good condition, constructed with tiles and brick respectively. Notably, the capital value has seen a 5.68% decrease from $4,400,000 in 2017 to $4,150,000 as of 2021, yet the HouGarden AVM estimates it at $3,324,500. The latest sale in 2016 was for $2,975,000, indicating a significant gap between the market and CV valuations.

Despite the CV decline, the property's value is enhanced by its location within the catchment area of top-rated schools. Baradene College, a secondary school with a decile rating of 9, and Remuera Intermediate with a decile 8 rating, are among the esteemed institutions in the zone. Additionally, Meadowbank School, a contributing school with a perfect decile 10 rating, is just a stone's throw away. This educational advantage adds long-term value to the property.

With its tranquil environment, expansive living areas, and northerly views towards Rangitoto Island and the iconic Sky Tower, the residence is perfect for a family seeking comfort and growth. Investors and developers will also see the potential in the land, with the current zoning allowing for subdivision with council consent. This property presents a rare opportunity to secure a piece of Remuera's golden real estate at a price well below its CV.

Updated on May 30, 2024