Nestled in the serene Beachlands, this exclusive freehold property at 37 Shelly Bay Road boasts 5 bedrooms and 3 carparks, with a floor area of 205 square meters on a spacious 1013 square meter section. The residence features fibrous cement walls in good condition and an iron roof, also well-maintained. It is a gem in the residential market, offering not just a home but an income opportunity with a separate 2-bedroom minor dwelling. The property has seen a significant Capital Value increase of 31.3% from $990,000 in 2017 to $1,300,000 as of June 2021, according to government valuations. The HouGarden AVM estimates the property's worth at $1,210,000. The latest sale was in 1996 for $99,000. This property is not just about the numbers; it's about the lifestyle, being a short stroll from Sunkist Bay Beach and within the Beachlands School zone, rated a perfect 10 in the decile scale.
For investors, the potential rental income of $1,340 per week makes this property even more attractive. The location is further enhanced by its proximity to top-rated schools such as Star of the Sea School (Howick) with a decile rating of 9, Howick College at 8, and Sancta Maria College at 7. This is a rare chance to secure a slice of Beachlands paradise, perfect for growing families or those seeking additional income.
With its prime location, solid construction, and income potential, this property is a wise investment that promises a secure future.
Updated on June 14, 2024