3f/182 Federal Street, Auckland Central, Auckland

Nestled in the vibrant heart of Auckland City, this charming one-bedroom apartment at 3f/182 Federal Street offers a unique blend of historical character and modern convenience. Constructed in the 1930s with sturdy brick walls and a mixed-material roof, this freehold unit boasts a well-maintained condition and a spacious floor area of 47 square meters. The property, with a government valuation of $490,000, has seen no increase over the past four years, yet its estimated value by HouGarden AVM stands at $470,000. The latest sale history showcases a significant jump from $200,000 in 2020 to $332,500 in 2024, indicating a potential for growth. This residence, located in a quiet cul-de-sac, is adjacent to the picturesque St Matthews Church and is just steps away from the Sky City Conference Centre, offering the best of central city living.

For investors and professionals alike, the property’s zero-carbon heating solution, the heat pump, adds to its appeal. The unit title ensures ease of ownership, while the building’s contour, being level, provides convenience. Notably, the property falls within the decile 8 Western Springs College zone, along with the decile 9 Ponsonby Intermediate, decile 6 Freemans Bay School, and the decile 3 Auckland Girls' Grammar School, making it an ideal choice for families with educational considerations.

With character apartments like this in short supply, this property presents a rare opportunity to own a piece of expensive history at an affordable price. Its combination of classic architecture and a prime location in Auckland’s entertainment district is truly a no-brainer for those seeking a comfortable and stylish city base.

Updated on October 23, 2024