Property listing ID: 927719
• 3 bedrooms, open plan living • Flat, freehold site • THAB Zoning • Close to major transport links Set on a substantial 903sqm freehold title, this 1950s ex-state home presents a clear value proposition for those with foresight and a firm grasp of opportunity. Currently configured as three bedrooms with open plan living and dining, a separate kitchen, laundry and single bathroom, the home is comfortable and entirely liveable as it stands. With garaging, additional off-street parking, and a wide, level rear garden, this home sits on a quiet street in a setting that reflects the era in which it was built. The underlying driver here, however, is the zoning. The property is located within the Residential Terrace Housing and Apartment Building Zone (unchanged under proposed Plan Change 120). Any redevelopment potential is subject to Auckland Council rules, site-specific constraints and resource consent approval. Buyers are advised to seek independent planning advice. The flat contour strengthens the development case and simplifies future planning considerations. For those who understand the planning framework, this is a landholding with options. Coral Crescent is a quiet residential address in an area seeing consistent renewal. With easy access to both Panmure and Glen Innes town centres, rail and bus links are close at hand. Schooling is well covered, including Tamaki School, Tamaki College and Baradene College. The value here sits predominantly in the land and its zoning - this will resonate with developers and long-term investors who recognise strategic buying when they see it. Alternatively refurbish or rebuild for your own family and hold with confidence for the years ahead.
Listed by Barfoot & Thompson , Steve Hood (Remuera) , Rawdon Christie (Remuera)