16 Geraldine Place, Kohimarama, Auckland

Nestled on the northern slopes of Kohimarama, at 16 Geraldine Place, lies this unique Home and Income opportunity within a quiet cul-de-sac. Constructed in 1965 with wood walls and tiled roof, this freehold property boasts 5 bedrooms, 1 bathroom, and 3 car parks, spread across a floor area of 253sqm on a land area of 609sqm. The property, with a current Capital Value (CV) of $2,450,000, has seen a rapid increase of 44.12% from its 2017 CV of $1,700,000. The HouGarden AVM estimates the property's worth at $2,465,000, while the latest sale was recorded in 1993 at $340,000. The home, needing modernization, offers endless possibilities for family living, work-from-home setups, or as an investment. It falls within the highly sought-after school zones of Kohimarama School (Decile 10) and Selwyn College (Decile 4), with Baradene College (Decile 9) and St Ignatius School (Decile 10) also in close proximity.

With an easy/moderate rise contour, the property enjoys an elevated outlook and is a short walk from Madills Farm recreation reserve. The beachfront of Kohimarama and the amenities of St Heliers, Mission Bay, and Eastridge are easily accessible. This unpolished jewel presents a rare chance to seize a property with both potential and convenience.

For those with a discerning eye for opportunity, this property is not to be missed. Auction scheduled for 10am, Wed 4th September 2024 at 50 Remuera Road, Remuera, Auckland.

Updated on September 06, 2024