1/934 East Coast Road, Northcross, Auckland - North Shore

Nestled in the serene Northcross, Auckland, this versatile property at 1/934 East Coast Road boasts a charming residential setting with income potential. Constructed in 1950 with wood walls and tiled roofing, it offers 4 bedrooms, 1 carpark, and a generous floor area of 150 square meters under a Cross-Lease title. The property, set on an easy-to-moderate fall contour, features average wall and roof conditions, exuding a cozy ambiance. The highlight is the flexibility of two dwellings: a vacant 3-bedroom front house with a 'Mancave' and a powered shed, alongside a healthy home compliant, 1-bedroom unit currently tenanted at $450pw. This unique package could live in one and rent the other, or rent out both for a potential $1200pw. The capital value has seen a 19.5% increase from $1,025,000 in 2017 to $1,225,000 as of 2021, with a HouGarden AVM of $1,195,000. The latest sales were in 1999 for $192,500 and 1996 for $220,000. Educationally, the property falls within the decile 10 Long Bay College, decile 9 Oteha Valley School, decile 10 Sherwood School, and decile 10 Northcross Intermediate zones, ensuring top-notch education for the family.

With a prime location, convenient access to Northcross shops, cafes, and public transport, and the added benefit of a potential rental income, this property presents an unparalleled opportunity for investors and families alike. Whether you seek a spacious family home or the advantage of an income-generating property, this could be the one for you. Don't miss out on this slice of versatile living in a sought-after neighborhood.

Boasting an exceptional school network, this property is perfect for families with school-going children. The nearby Long Bay College, Oteha Valley School, Sherwood School, and Northcross Intermediate are all highly rated, promising a quality education for the young ones. This, coupled with the property's increasing capital value and rental potential, makes it a wise investment for today and the future.

Updated on August 20, 2024