2/23 Heathcote Road, Castor Bay, Auckland - North Shore

Nestled in the charming Castor Bay, mere steps from the Milford Marina, beach, and shopping hub, this 2-bedroom, 2-carpark home on a cross-lease title presents a golden opportunity. Constructed in 1989 with stone walls and tiled roof, both in good condition, this property offers a spacious floor area of 140sqm. The capital value has seen a rapid increase of 29.86% from $1,055,000 in 2017 to $1,370,000 as of 2021, while the HouGarden AVM estimates it at $1,315,000. The latest sale was in 1989 for $210,000. With school zones including the high-scoring Campbells Bay School, Westlake Boys' & Girls' High Schools, and Murrays Bay Intermediate, educational opportunities are abundant. This property, being a deceased estate sold 'as is where is', invites visionary buyers to transform it into something extraordinary.

Since its last valuation, the property has demonstrated strong growth potential. The combination of location, school zones, and a property that's ripe for renovation makes it an attractive prospect for investors or families looking to put down roots in a prime beachside suburb.

For those seeking a rewarding project in a desirable location with excellent educational facilities, this is a chance not to be missed.

Updated on November 01, 2024