Two homes, endless potential
Opportunities like this are becoming increasingly difficult to find. Positioned on a substantial 1,621sqm (more or less) site, 33 Forbes Road, Favona presents exceptional potential for developers, investors, renovators, and families looking to secure a significant landholding.
Comprising two homes on one title, the property offers a total of six bedrooms, two bathrooms, and four car spaces. The homes are comfortable and livable, providing immediate accommodation or rental income while offering excellent scope for renovation or modernisation. Alternatively, the true value may lie in the land itself, presenting an outstanding opportunity to explore future development potential (subject to council approval).
Whether your plan is to renovate and add value, generate rental income while land-banking, or maximise the site's future potential, the opportunities here are extensive.
With a Capital Value of $1,260,000 and a Land Value of $1,150,000, the figures highlight where the real value lies.
Conveniently located close to schools, shopping centres, motorway access, Auckland Airport, and public transport, this is an opportunity to secure a substantial landholding with both immediate appeal and long-term potential.
The fundamentals are here - the rest is up to you.
This property must be sold.
Comprising two homes on one title, the property offers a total of six bedrooms, two bathrooms, and four car spaces. The homes are comfortable and livable, providing immediate accommodation or rental income while offering excellent scope for renovation or modernisation. Alternatively, the true value may lie in the land itself, presenting an outstanding opportunity to explore future development potential (subject to council approval).
Whether your plan is to renovate and add value, generate rental income while land-banking, or maximise the site's future potential, the opportunities here are extensive.
With a Capital Value of $1,260,000 and a Land Value of $1,150,000, the figures highlight where the real value lies.
Conveniently located close to schools, shopping centres, motorway access, Auckland Airport, and public transport, this is an opportunity to secure a substantial landholding with both immediate appeal and long-term potential.
The fundamentals are here - the rest is up to you.
This property must be sold.
Key features
Dwelling details
Two existing homes on one Title with a combined six bedrooms, two bathrooms and four off street car parks
Investment
Live in, renovate, rent or hold while the explore the property's potential (subject to council approval)
Location
Conveniently positioned close to schools, shopping centres, public transport, motorway access and Auckland Airport
