53 Panorama Road, Mount Wellington, Auckland

Located at 53 Panorama Road, Mount Wellington, Auckland - City, this property presents a unique opportunity for those looking to undertake a major project or for developers and land bankers. The property features 3 bedrooms, with the number of bathrooms not specified, and no car parking spaces. It spans a floor area of 124sqm and sits on a substantial land area of 1014sqm. The property is categorized as Residential - Vacant land multiple housing, with a freehold ownership type. Constructed in 1950, the building has brick walls in average condition and a tile roof in good condition. The property is level, offering a solid foundation for development.

The capital value of the property has seen a significant increase, from $1,025,000 on July 1, 2017, to $1,675,000 on June 1, 2021, marking a 63.41% rise. The latest HouGarden AVM estimates the property's value at $1,078,500. Historical sales data reveals that the property was sold twice on February 28, 1992, for $100,000 and on July 4, 1992, for $113,000. This property is a prime candidate for a major renovation or a complete redevelopment to leverage the large freehold land.

The property is situated within the zone of several schools, including Baradene College (Secondary, Year 7-15, decile 9), Stanhope Road School (Full Primary, decile 4), One Tree Hill College (Secondary, Year 9-15, decile 3), and Bailey Road School (Full Primary, decile 3). This location offers a range of educational options for families.

Updated on March 22, 2024.