3/7 Lydia Avenue, Northcote, Auckland - North Shore

Discover the perfect blend of comfort and convenience at 3/7 Lydia Avenue, Northcote. Nestled in a serene location, this property stands as an ideal first home or investment opportunity. The residence boasts two bedrooms, a generous bathroom, and a living room & kitchen, all complemented by polished wooden floors and a private balcony offering stunning city views. The exterior features mixed materials for the walls and an iron roof, both in average condition, reflecting the building's age since 1950. This property, categorized under Residential - Ownership home units, is a Cross-Lease with a floor area of 60m² and no specified land area, making it a unique find in the market.

The property has seen a significant increase in its capital value, from $700,000 in July 2017 to $880,000 in June 2021, marking a 25.71% growth. Despite the official CV, the HouGarden AVM estimates its worth at $867,500. Historical sales data reveals a steady appreciation, with the latest sale recorded at $640,000 in June 2018, up from $345,000 in January 2010. This trajectory underscores the property's solid investment potential and its appeal in the current market.

Education is a cornerstone of this property's value, with Northcote Intermediate School and Northcote College within its school zone. Both institutions boast respectable decile ratings of 6 and 7, respectively, ensuring a quality education for residents. The property's strategic location offers easy access to Birkenhead and Northcote amenities, including Birkenhead Pools, supermarkets, and excellent public transportation routes, making it a coveted address for families and professionals alike.

Updated on March 25, 2024.