8 Sayegh Street, Saint Heliers, Auckland

Nestled in a serene cul-de-sac adjacent to the Dingle Dell Reserve, this 829 sqm freehold property at 8 Sayegh Street, Saint Heliers, Auckland, is a Residential Mixed Housing Suburban gem. Constructed in 1940 with brick walls and tiled roof in good condition, it offers a floor area of 160 sqm, including four bedrooms and two carparks. The site, with its level contour, holds potential for elevated views over Rangitoto Island and the Hauraki Gulf. The capital value has surged by 50.67% from $1,875,000 in 2017 to $2,825,000 in 2021, with the HouGarden AVM estimating $2,755,000. Notably, the property sold for $4,180,000 in 2024, signifying a significant appreciation. Within the decile 9 and 10 school zones of Baradene College, Kohimarama School, St Ignatius School, and Glendowie College, this property is an investor's and developer's dream, ready for transformation into a luxurious family home or four high-end terrace dwellings.

With a recent sale history showing a transaction of $2,900,000 in 2020, the property's value has seen a substantial increase. The approved building consent for four terrace dwellings, with plans by Hulena Architects, adds to its allure. The location, near Eastridge shopping precinct and St Heliers beachfront, provides easy access to amenities and stunning sea views, making it an attractive opportunity in this coastal neighbourhood.

Educationally, the property falls within the zones of highly-rated schools, including Baradene College, a secondary school with a decile rating of 9, and Kohimarama School, St Ignatius School, and Glendowie College, all with a decile rating of 10. This prime location offers the best of both worlds – a peaceful family life and access to top educational institutions.

Updated on August 14, 2024