37 Ruawai Road, Mount Wellington, Auckland

Nestled on a freehold 506m² section at 37 Ruawai Road, Mount Wellington, this two-bedroom weatherboard home is a prime investment opportunity. Constructed in 1950 with wood walls and an iron roof, the property is in fair condition with a poor roof, awaiting renovation. The capital value has seen a 25% increase from $800,000 in 2017 to $1,000,000 as of June 2021, with a HouGarden AVM estimate of $930,000. This residence is not just about the numbers; it's about potential, located in a sought-after suburb with easy access to Sylvia Park and other amenities.

From a valuation perspective, the property's history is promising. The CV growth is a testament to the area's desirability, and the recent sale history points to a sound investment. This is further enhanced by the property's contour being level, offering ease for future development. Whether you're an investor or a builder looking for a canvas to create a dream home, this property is it.

For families, the school network is a significant draw. Baradene College, a secondary school with a decile rating of 9, One Tree Hill College with a decile of 3, Bailey Road School, and Sylvia Park School, both full primaries with deciles 3 and 2 respectively, offer a range of educational options. This is a home that not only promises financial growth but also a quality education for your children.

Updated on July 05, 2024