10 Alnack Place, Torbay, Auckland - North Shore

Nestled on a serene cul-de-sac at 10 Alnack Place, Torbay, Auckland, this freehold property is a gem for developers. Constructed in 1975 with a fibrous cement exterior and tiled roof in good condition, the 110sqm floor area includes 2 bedrooms and a carpark. The 713sqm plot, zoned for mixed housing suburban, is elevated to capture views of the Whangaparaoa Peninsula. The capital value has surged by 49% from $1,000,000 in 2017 to $1,490,000 as of June 2021. HouGarden AVM estimates it at $1,228,500, while the latest sales were at $444,000 in 2010 and $148,000 in 1991. Educationally, the property falls within the decile 10 school zones of Long Bay College, Glamorgan School, and Northcross Intermediate, making it an ideal investment for families.

With a CV increase that outpaces the market average, this property presents a secure investment with potential for further growth. The existing home, though habitable, is secondary to the land's vast potential for a visionary development project, strategically located near essential infrastructure. The vendor is keen to consider all offers, emphasizing the time-sensitive nature of this opportunity.

For families with education as a priority, the property is in the catchment area of top-rated schools, ensuring access to the best educational facilities. This is not just a purchase; it's an investment in a community with a bright future.

Updated on August 13, 2024