Nestled in the serene Fyvie Avenue, this 759m2 of freehold land, complete with a 3-bedroom house from the 1950s, offers a unique opportunity for developers. The property features wooden walls and tiled roofing in average condition, with a floor area of 122m2 and a single carpark. The capital value has seen a substantial increase of 44.07%, from $1,180,000 in 2017 to $1,700,000 as of June 2021. The HouGarden AVM estimates the property at $1,655,000, while the latest sale was in 1998 for $190,000. This property, zoned for both terraced housing and apartment building, is in a prime location, close to amenities and public transport, and falls within the Three Kings School zone, with a decile rating of 7, as well as Mt Roskill Intermediate and Mt Roskill Grammar.
With aignore the CV and consider the potential, this property, after 28 years, hits the market as a golden chance for a profitable development project. It's a level plot of land with a house that could be demolished, making way for new construction in a sought-after area.
For families, the school network is a key highlight, with contributing and secondary schools in the vicinity, including Dominion Road School with a decile of 3 and Mt Roskill Grammar with a decile of 4, ensuring quality education for all ages.
Updated on August 21, 2024