26 Elgin Street, Grey Lynn, Auckland

Nestled at 26 Elgin Street, Grey Lynn, Auckland, this exquisite freehold property boasts a versatile layout with 5 bedrooms, 2 bathrooms, and a carpark. Constructed in 1910 with wood walls and an iron roof, it presents an average condition with easy/moderate fall contour. The 152sqm floor area and 471sqm land area provide ample space for a family, complemented by a legal one-bedroom flat, which has been rented at over $500 per week. The property's capital value has seen a growth of 43.66% from $1,775,000 in 2017 to $2,550,000 as of June 2021. The HouGarden AVM estimates it at $2,562,500, while the latest sale history dates back to 2012 at $1,070,000.

With a CV increase that outpaces the market, this property is not just an investment but a wise financial decision. The recent sale history and AVM reflect the property's escalating value in this quiet cul-de-sac. The original pressed steel ceiling in the lounge adds a touch of gothic elegance, and the private gardens offer a serene escape.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Pasadena Intermediate and Western Springs College, both with a decile rating of 8, Grey Lynn School with a decile of 9, and Newton Central and Kowhai Intermediate Schools with deciles 7 and 7 respectively. Auckland Girls' Grammar School also remains within reach. This property offers not just a home but access to quality education.

Updated on September 16, 2024