Superbly located at the City end of this premium & popular suburb, and just around the corner from iconic Eden Park, this spacious Villa offers savvy buyers plenty of options for substantial future capital gains and potential to add serious value.
The Villa is presently converted into 3 separate & legal flats, 1 x 2 bed and 2 x 1 bed, fully tenanted and professionally managed for a current total rental of $1340 per week. Due to the sublime City Fringe location and awesome Public Transport options, both Kingsland Rail & main arterial bus routes on Sandringham Rd & Dominion Rd, securing quality tenants is all too easy.
The dwelling sits on a Freehold site of 688m², and is currently zoned Single House, but with intensification discussions in progress at Council & Govt level, there is always the possibility of a zone change allowing future development of the site for the next generation.
Conversion of the Villa back to its former glory as a single family home, would offer huge dividends if a thorough & thoughtful renovation was undertaken, as in this location fully renovated villas regularly sell for multi million dollar sums, and are in very hot demand.
Location of this genuinely City Fringe property is sublime, with so many entertainment options, with super popular Kingsland Village just a stroll away, as are the incredibly vibrant Dominion Rd eateries, and the sports & concert lovers will enjoy being just a minute or so walk to iconic Eden Park, enjoying the benefits of membership of 'The Hood' offering locals early access to events & tickets to the Park. Eden Quarter precinct nearby has a Countdown, and both Westfield St Lukes & Newmarket are just a short drive away.
Highly regarded schools are in zone with Mt Eden Normal, Kowhai Intermediate & Mt Albert Grammar providing high quality education options.
So many options, so much future potential, come take a look for yourself and consider an offer to the highly motivated vendor.
