52 Heatherbank Street, Glen Innes, Auckland

Nestled in the vibrant cultural hub of Glen Innes, Auckland, this 728 sqm freehold property on Heatherbank Street presents a rare opportunity. Constructed in 1950 with wood walls and tiled roofing, the home features 3 bedrooms, 1 bathroom, and 3 car parks, with a floor area of 97 sqm. The capital value has seen a significant increase from $1,000,000 in 2017 to $1,600,000 as of 2021, a growth rate of 60%. The property is zoned for Terrace Housing Apartments and offers various development options, including concept plans for 7 townhouses. Alternatively, retain the front house and build 3 more at the back, or let your creativity run wild.

With a HouGarden AVM of $1,587,500 and the latest sales recorded at $1,350,000 in 2024 and $1,640,000 in 2021, this property holds substantial value. It is located in a sought-after school zone, with Baradene College (Decile 9) and Glen Innes School, Glen Taylor School, and Tamaki College (all Decile 1) within reach.

Whether you're an investor or a developer, this property offers endless potential in a prime location, making it an exciting opportunity not to be missed.

Updated on November 13, 2024