312 Sandringham Road, Sandringham, Auckland

Nestled in a prime location on 312 Sandringham Road, this freehold property is a gem in Auckland's residential landscape. Constructed in 1953 with brick walls and tiled roofing, it boasts 3 bedrooms, 2 carparks, and a generous floor area of 109m² on a flat, level contour. The site, zoned for Terrace Housing and Apartments, offers a rare opportunity with its 635m² of sun-drenched land. Notably, the Capital Value (CV) has seen a significant increase of 43.94% from $1,320,000 in 2017 to $1,900,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,882,500, while the latest sale in 2000 was for $265,000.

For investors and developers, the property presents a golden chance to capitalize on the CV growth and the highly sought-after zoning. The potential is further enhanced by its proximity to Westfield St Lukes, Wagner Place shops, and Eden Park, along with easy motorway access and a bus stop right outside. The educational institutions in the zone, such as Mount Albert Grammar School (Decile 7) and Auckland Girls' Grammar School (Decile 3), are additional highlights. This is a must-see property for those looking to build, renovate, or unlock hidden value.

With a school network that includes Kowhai Intermediate (Decile 7), Balmoral School (Zone B, Decile 9), and Edendale School (Decile 6), this property is not just a home but an investment in a family's future. The choice is yours – to renovate or rebuild on this exceptional site. Opportunities like this are scarce, and with a motivated seller, it's a chance not to be missed.

Updated on November 15, 2024