86 Waipuna Road, Mount Wellington, Auckland

Nestled beside the serene Panmure Basin, 86 Waipuna Road, Mount Wellington, Auckland - City, is a remarkable property offering breathtaking elevated water views and private access to the enchanting walkway around the Lagoon. This Residential - Home & income property, built in 1952, features a spacious self-contained 2 bedroom unit attached to the main house, presenting a multitude of possibilities. With 5 bedrooms, the property spans a floor area of 269 sqm on a generous 842 sqm freehold land. The exterior boasts wood construction with an average condition wall and an iron roof in average condition, set on an easy/moderate fall contour.

The property has seen a significant capital value increase from $1,350,000 in July 2017 to $1,688,000 in June 2021, marking a 25.04% growth. The HouGarden AVM estimates its value at $1,660,000. Its sale history reveals a steady appreciation, with transactions recorded at $650,000 in December 2007 and $1,375,000 in February 2017. This growth trajectory underscores the property's investment potential.

Located within excellent school zones, the property offers access to high-decile education options, including Baradene College (Decile 9), Edgewater College (Decile 2), One Tree Hill College (Decile 3), and Sylvia Park School (Decile 2). These schools cater to a range of educational needs from full primary to secondary levels, ensuring quality education for residents. The property's strategic location near Sylvia Park and motorway access points further enhances its appeal, offering ease of commuting and access to leisure activities.