14/11 Balfour Road, Parnell, Auckland

Located at 14/11 Balfour Road, Parnell, Auckland - City, this residential property is a one-bedroom unit with a floor area of 37 sqm, featuring one bathroom and one carpark. Constructed in 1970 with concrete walls and an iron roof, the building's condition is average, indicating a need for upgrades. This Cross-Lease property is nestled in a level contour, offering a vacant unit that requires a complete renovation. It presents a unique opportunity for those willing to invest effort into transforming it into a desirable living space, boasting warm, north-east facing views, including the Sky Tower, and comes with a single garage. Its prime location in Parnell provides easy access to local amenities and waterfront walks along Tamaki Drive.

The property has seen a capital value increase of 24% from $500,000 in July 2017 to $620,000 in June 2021, reflecting its potential and the area's growing appeal. Despite this, the latest sales show a decrease, with transactions at $400,000 in September 2023 and $468,000 in February 2024. The HouGarden AVM estimates its value at $592,500, suggesting a market adjustment or specific factors affecting its recent sale prices.

School zoning is a significant advantage, with access to top-rated schools such as Auckland Grammar, Epsom Girls' Grammar, and Parnell School, all boasting a decile rating of 9. This makes the property an excellent choice for families prioritizing education, offering a solid foundation for children's academic growth in prestigious institutions.

Updated on April 04, 2024.