Nestled at 46 Advene Road, Cockle Bay, this freehold property is a charming residence set on a spacious 784m2 lot. Constructed in 1970 with wood exterior walls and tiled roofing, the home boasts 3 bedrooms, a bathroom, and a carpark, with a floor area of 120m2. The property has seen a 26.26% increase in Capital Value from $990,000 in 2017 to $1,250,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,220,000, while the latest sale in 2019 was for $1,050,000.
With a CV on the rise and a prime location, the residence is in a cul-de-sac that guarantees tranquility. The property enjoys a wall and roof in good condition and a contour that offers easy/moderate rise, adding to its allure. For families, the school zoning is a significant plus, with contributing schools like Cockle Bay and Star of the Sea, and secondary options such as Howick College and Sancta Maria, all within deciles ranging from 7 to 10.
Not only is this property a haven for comfortable living, but it's also a smart investment, currently tenanted on a periodic basis and providing excellent rental returns. The conservatory and deck offer sun-drenched spaces for relaxation, while the versatile lower level caters to a variety of lifestyle needs. This is a home that combines the advantages of a prime location, quality education, and potential for further value appreciation.
Updated on August 19, 2024