136 Forrest Hill Road, Forrest Hill, Auckland - North Shore

Located at 136 Forrest Hill Road, Forrest Hill, Auckland - North Shore, this property presents a unique opportunity with its 4 bedrooms, 5 bathrooms, and 3 car parks. The house, built in 1955, spans a floor area of 110sqm and sits on a freehold land area of 809sqm. It features wood wall construction in average condition and tile roofing in good condition, set on an easily/moderately sloping contour. This residential property, categorized as 'Vacant land multiple housing,' is ready for immediate possession or rental, offering a prime land banking opportunity in the heart of the Westlake zone.

Over the years, the capital value of this property has seen a significant increase, from $1,375,000 in July 2017 to $1,975,000 in June 2021, marking a 43.64% growth. The HouGarden AVM estimates its value at $1,940,000. Recent sales in the area include a transaction in June 2023 for $2,009,000 and another in March 2022 for $1,800,000. The property comes with resource consent for the construction of one freestanding home and two duplex homes, totaling 5 units, with stormwater consent granted by neighbors.

Education is a priority, with the property situated in the zones for Wairau Intermediate School (decile 7), Westlake Boys' High School (decile 9), Forrest Hill School (decile 8), and Westlake Girls' High School (decile 9). This location ensures access to quality education, making it an ideal choice for families. Additionally, its proximity to childcare centers, schools, parks, shopping, and business centers, along with easy access to the motorway and bus transport, adds to its appeal.