Nestled just a stone's throw from the world-renowned Cheltenham Beach, this exceptional 5-bedroom, 2-carpark residence on 903sqm of freehold land is a gem in the exclusive Devonport neighborhood. Constructed in 1910 with wood walls and tiled roof, both in good condition, this home is a fusion of traditional elegance and modern comfort. The property's Capital Value has seen a growth of 21.55% from $4,525,000 in 2017 to $5,500,000 as of June 2021. The HouGarden AVM estimates the property's worth at $5,267,500, making it an attractive investment. Inside, the 380sqm floor area is spread across two levels, offering versatile living spaces, while the outside boasts serene gardens that lead to the beach, providing a private escape.
With a government valuation on the rise and a recent sales history that speaks to its desirability, this property is not just a home but a wise investment. The CV increase reflects the property's escalating worth, and the AVM underscores its market potential.
For families with school-aged children, the property falls within the zone of top-rated schools, including Takapuna Grammar School (Decile 10), Belmont Intermediate (Decile 10), and Devonport School (Decile 10), ensuring access to the best education.
Updated on April 29, 2024