13 Arney Road, Ranui, Auckland - Waitakere

Nestled in the heart of Ranui, this 2-bedroom, 1-bathroom property with 2 carparks is a Freehold opportunity on 1012m2 of flat, level land. Constructed in 1953 with fibrous cement walls and iron roofing, this property presents an average wall condition and fair roof condition. The site is zoned for Terraced Housing and Apartment Building (THAB), holding a CV of $1,800,000 as of June 2021, a significant increase of 113.02% from its $845,000 valuation in July 2017. The property's potential is further highlighted by the HouGarden AVM of $1,177,500, indicating a prime development site with convenient access to public transport, shops, and amenities.

With a 20m wide road frontage and located just 350m from the Ranui Train Station and approximately 220m from the local supermarket, library, and other conveniences, this property is not only an ideal development site but also a wise investment. It's less than 5km from the motorway on-ramp and close to Lincoln Road, enhancing its connectivity. The property is in the school zones of Waitakere College (Secondary, Decile 3) and Henderson Intermediate (Intermediate, Decile 3), adding to its family appeal.

Smart investors will recognize the value in this quarter-acre gem, which is not only surrounded by high-quality townhouse developments but also offers the convenience of a carport and garage, a study, and the potential for further development. This property is a must-investigate opportunity for those looking to capitalize on the property's prime location and growth potential.

Updated on August 14, 2024