The vendor’s instructions are clear: get it sold. And after 2 price drops to nearly 30% below CV, you‘ll be hard pushed to find a larger piece of land, at this price point, so close to the beach and the CBD.
For the astute buyer, this freehold 1047m² (more or less) site, plus its tidy 3-bedroom 1940s weatherboard home, presents plentiful the opportunities:
• Land bank with income
• Reconfigure or rebuild the dream home/s
• Develop
The site is currently zoned Mixed Housing Urban, but under Proposed Plan Change 120, this address has been identified for a possible shift to the Terrace Housing and Apartment Buildings zone. That process is still moving through submissions and hearings, so the outcome is not guaranteed at this stage.
But what is guaranteed is the location - perched along the Orakei ridgeline with partial harbour views, you can walk to Orakei Basin, you’re close to Mission Bay, handy to Eastridge for day-to-day needs, and you have easy access to public transport and motorways. School zoning includes Orakei School, Selwyn College and Baradene College.
This isn’t just another property. It’s a foothold in one of Auckland’s most strategic coastal suburbs, with room to think big - and with the price having come down so significantly, this could be the best buy at the bottom of the market.
Please contact Steve or Rawdon to discuss viewing options.
