There's a lot to like about this early 1900's return verandah villa located in a leafy no exit street in Grammar Zoned central Grafton. Spread over 1 and a half levels, the main level has 4 very large bedrooms (one with ensuite) and a spacious shared bathroom. To the rear is the open plan kitchen/dining and lounge which opens out to a large west facing elevated deck complete with a great view of the top of the Sky Tower.
The lower level comprises of another 3 large bedrooms (again one has an ensuite) plus there is also an additional shared second bathroom. There are 2 large undeveloped spaces which are ripe for further improvement as well as a cavernous storage area which also has potential for further renovation development.
The villa still has intact lovely original features such as pressed ceilings, stained glass windows, full height stud and original wooden floors and also offers potential to renovate further.
Situated on a mostly flat west facing 539m2 freehold site with off-street parking for 5 plus cars this could be your ideal next investment. In Grammar Zone and within walking distance to train station, Newmarket, Auckland University, the city and local schools.
Currently rented but also suitable for owner/occupiers. Here's a unique investment opportunity to enhance and improve this wonderful example of early 20th Century NZ Architecture in a really lovely central street of similar character homes.
This is a must view for all those buyers looking to invest in quality real estate in an outstanding location.
โข 7 bedrooms, 4 bathrooms, 3 living areas
โข Off street parking for 5 cars
โข 539m2 site (more or less)
โข Grammar Zone
โข Ripe for further improvement
Property Specifications:
House Area: 160sqm (more or less)
Land Area: 539sqm (more or less)
CT: NA64B/243
Legal Description: LOT 11 DP 2098
Rates: $4,035.36 (GST inclusive)
Land Value: $1,020,000 (Jul 2014)
Improvements Value: $250,000 (Jul 2014)
CV: $1,270,000 (Jul 2014)