2/31 Gowing Drive, Meadowbank, Auckland

Nestled in the serene Gowing Drive, a quiet cul-de-sac in Meadowbank, Auckland, this well-appointed 2-bedroom, 1-bathroom unit presents an enticing opportunity for both investors and first-time homebuyers. Constructed in 1960 with a mix of materials for the walls and tiles for the roof, this cross-lease property offers an average condition throughout. With a floor area of 56 square meters, it is graced with ample natural light and boasts an open-plan living and kitchen space. The property sits on an easy-to-moderate rise contour and is close to local amenities and public transport. The capital value has shown a significant increase from $690,000 in 2017 to $770,000 as of June 2021, marking a growth of 11.59%. The HouGarden AVM estimates the property's worth at $765,000, while the latest sales were recorded at $705,000 in 2020 and $570,000 in 2016. This unit is an ideal lock-up and leave town pad or a solid rental investment, being in the zone for St Thomas School (decile 10) and Selwyn College (decile 4), with Baradene College (decile 9) also in proximity.

Updated on November 19, 2024