Ray White Orakei
Real Estate Agents
- Listing #:
- ORK31500
- Listed:
- 17 days ago
Auction (Unless Sold Prior)
Tue 6th May 3:30pm
THAB Zone - Prime Mt Eden Development or Land Bank
8 Dexter Avenue, Mount Eden, Auckland CityResidential House
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- 3 Bedrooms
-
- 3 Bathrooms
-
- 3 Car Garages
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- 172m2 Floor Area
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- 804m2 Land Area
About this property
Positioned on a flat 804 sqm (approx.) freehold site in a prestigious, leafy Mt Eden avenue, this elevated property offers significant long-term value in Auckland's sought-after Terrace Housing and Apartment Building (THAB) zone.Currently configured as three separately power-metered one-bedroom units, the 172 sqm (approx.) dwelling offers holding income while you land bank or prepare for redevelopment. The site is ideal for medium to high-density residential development, benefiting from wide street frontage, great access, and a premium city-fringe location.
Each unit benefits from a sunny north-facing aspect, high stud ceilings, and a blend of character features and modern updates. With vintage leadlight window, traditional fireplaces, and individual carport allocations, there's value to retain in the short term - or scope to completely transform the site for long-term capital gain.
* Zoned THAB - enabling greater building height and density
* 804 sqm flat, fenced, freehold site with mature trees and lawns
* Three existing units provide flexible holding income
* Power separately metered, with standalone carport spaces
* Close to Mt Eden Village, Dominion Road eateries, Eden Park, and major transport routes
* Zoned for Balmoral School, Epsom Girls Grammar, and Mt Albert Grammar
Just moments from Potters Park and key transport links, this property is ideally positioned for a high-yield development in a sought-after inner-city location. Whether you're looking to build or landbank - this is your chance to capitalise on a rare zoning and unbeatable location.
In Room Auction - 06/05/25 Tuesday 3:30pm (Unless Sold Prior) Raywhite Remuera - 411 Remuera Road, Remuera
*All development works subject to council approval
Sun 27th Apr 1:00pm ~ 1:30pm
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