Nestled at 8 Salem Place, Torbay, Auckland, this freehold property is a charming residential-vacant land with multiple housing potential. Constructed in 1960 with wood walls and an iron roof, it stands on a flat 812m2 site. The 5-bedroom, 3-bathroom home with a floor area of 160m2 and 3 carparks boasts an average wall and roof condition. The government's capital value has seen a 25% increase from $1,400,000 in 2017 to $1,750,000 as of 2021. HouGarden's AVM estimates the property at $1,625,000, while the latest sales were at $1,441,000 in 2016 and $290,500 in 2001. This property is in a prime school zone, with Long Bay College, Northcross Intermediate, and Torbay School all decile 10.
With a serene cul-de-sac location, the property offers a peaceful retreat with ocean views and an in-ground swimming pool. It's an entertainer's paradise, featuring a large designer kitchen, a sunny lounge, and double-glazed windows. The downstairs area provides privacy with a separate entry, making it ideal for extended family or flatmates. A large freestanding garage with a workshop and additional parking spaces adds convenience. This property is not just a home but a wise investment in a sought-after area.
Education is a priority with top-rated schools in the zone. Long Bay College is a secondary school catering to Years 9-15, while Northcross Intermediate and Torbay School are both decile 10 institutions. This property is perfect for families looking to secure a quality education for their children while enjoying the benefits of a serene and well-located home.
Updated on May 03, 2024