4/277 Mount Eden Road, Mount Eden, Auckland

Nestled in the prestigious suburb of Mount Eden, this 2-bedroom, 1-bathroom unit at 4/277 Mount Eden Road is a gem on the market. Built in 1968 with an iron roof and fibrous cement walls, this cross-lease property sits on a level contour with an average wall and roof condition. It boasts a floor area of 66 square meters and is in a prime location, just a minute's walk from the vibrant Mt Eden village and opposite the iconic Maungawhau. The property has seen a significant Capital Value increase of 22%, from $500,000 in 2017 to the current $610,000 as of June 2021. The HouGarden AVM estimates it at $567,500, while the latest sales were at $330,000 in 2013 and $287,000 in 2007.

For investors, the current rental income of $29k PA makes it an attractive opportunity. Moreover, the property falls within the highly sought-after school zones of Auckland Grammar School (decile 9), Mt Eden Normal School (decile 10), Auckland Normal Intermediate (decile 9), Epsom Girls' Grammar School (decile 9), Mt Albert Grammar School (decile 7), and Auckland Girls' Grammar School (decile 3), making it an ideal choice for families with school-aged children.

With convenient access to public transport, train stations, and the motorway, this unit is perfect for professionals, first home buyers, or downsizers seeking easy-care living. The urgency of the sale presents a rare opportunity to acquire a property in this exclusive suburb. Don't miss out on this chance to secure your slice of Mount Eden's prime real estate!

Updated on May 18, 2024