27 Olsen Avenue, Hillsborough, Auckland

Located at 27 Olsen Avenue, Hillsborough, Auckland - City, this property is a unique home & income opportunity, featuring a main dwelling and a separate self-contained granny flat. The main dwelling includes three large double bedrooms with built-in wardrobes, an expansive open-plan dining and living area leading to a sun-soaked deck, and a separate bathroom and toilet. The granny flat offers a cozy double bedroom with an ensuite bathroom, and a bright open-plan kitchen, dining, and living area extending into a charming sunroom. The property is built on a 786 sqm section with brick walls, tile roof, and is classified under Freehold ownership. The building, constructed in 1950, shows mixed conditions in both wall and roof, and is situated on an easy/moderate rise contour.

Over the years, the capital value of the property has seen a significant increase, from $1,350,000 in 2017 to $1,800,000 in 2021, marking a 33.33% growth. Despite this, the asking price is set at $1,199,000, substantially below the Council Valuation. The latest sale was recorded on January 22, 2024, for $1,100,000, following a previous sale in 1998 for $330,000. The HouGarden AVM estimates the property's value at $1,159,500.

The property is zoned for several reputable schools, including Hillsborough Primary School, Mt Roskill Grammar (Secondary, Year 9-15, decile 4), Mt Roskill Intermediate (Intermediate, decile 4), Waikowhai Intermediate (Intermediate, decile 5), and Hillsborough School (Contributing, decile 8). This makes it an ideal choice for families looking for quality education options. Additionally, the property offers easy access to local shops, cafes, parks, public transport, and motorways, enhancing its appeal for potential buyers.

Updated on April 06, 2024.