Nestled in the heart of Mt Roskill on a level 792m2 freehold section at 117 Stoddard Road, this 1950-built brick and tile residence offers immense potential. The 94m2 floor area encompasses 3 bedrooms and 1 bathroom, with average condition walls and roof. The property's Capital Value has seen a remarkable growth of 48.89% from $1,125,000 in 2017 to $1,675,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,557,500, making it an attractive opportunity for developers or investors. The site, with wastewater and stormwater facilities at the front, is zoned for various possibilities including business and mixed-use development, subject to council approval.
With a CV increase that outpaces the market and a prime location, this property is a goldmine for developers. It's centrally located, close to the CBD and SH20 North Western motorway, and within zones for top schools like Wesley Primary, Wesley Intermediate, Lynfield College, and Mt Roskill Grammar. The area boasts easy access to shopping, medical centers, playgrounds, and restaurants, making it a desirable address for both living and investment.
Educationally, the property falls within decile 1 Wesley Primary and Intermediate, and is also in proximity to decile 6 Lynfield College and decile 4 Mt Roskill Grammar. This combination of location, land size, and development potential is a rare find. Don't miss the chance to explore the numerous possibilities this property presents.
Updated on May 31, 2024