Nestled in the heart of Epsom, this 1-bedroom leasehold property presents a unique opportunity for those seeking the coveted Double Grammar Zone without the burden of a substantial mortgage. Constructed in 1920 with brick walls and an iron roof, this home exudes a charming vintage aura with average wall and roof conditions. The interior boasts a light-filled, open-plan living/dining area with a heat pump, kitchen/laundry, and a bathroom on the main level, complemented by a spacious double bedroom with a built-in robe. The lower level features a versatile rumpus/studio with its own bathroom, perfect for a multitude of uses. Enjoy the evening with friends in the west-facing front courtyard garden and deck, or utilize the single carport and additional car park. With a fixed ground rent of $12,750 per annum until September 2032, it's an attractive alternative to renting at just $245.00 per week. The property's CV has seen a 31.58% increase from $760,000 in 2017 to $1,000,000 as of June 2021, with HouGarden AVM valuing it at $917,500. Historically, it sold for $205,000 in 2005 and $193,000 in 2004. Educationally, it falls within the Double Grammar Zone, close to Auckland Grammar, Epsom Normal School, Auckland Normal Intermediate, Epsom Girls' Grammar School, and Baradene College, all decile 9 or 8 schools.
Updated on December 18, 2024