121 Balmoral Rd - Property Report single

Page 1


On Offer

Built new and completed in 2013, this immaculate, heritage-style villa blends period-inspired design with contemporary construction. This residence is fully insulated, Healthy Homes–compliant, double-glazed and fitted with gas central heating for year-round comfort.

At the heart of the home is a gourmet kitchen offering ample storage and is equipped with a Falcon Classic oven, gas cooktop, rangehood, ASKO dishwasher and butler’s sink. A central island bench makes meal preparation both easy and sociable.

Complementing the main house is a versatile, fully self-contained cottage with an open-plan kitchen and living area, a fifth double bedroom and a third bathroom— ideal as a home office, guest suite or multigenerational retreat, while also offering a smart home-and-income opportunity.

The property is fully fenced, private and secure, and includes a low-maintenance backyard and manicured front garden bed. There is room for up to five secure offstreet car parks across the driveway, plus a fully carpeted single garage with ample storage.

Property Address 121 Balmoral Road, Mount Eden.

Legal Description Lot 31, DP 8591

Property Category Residential - Dwelling

Land Value

$1,750,000

Improvement $600,000

Capital Value $2,350,000 Rates $5,726.51

Zoning Residential-Single House Zone

Land Details Level Views Urban

Aspect North

Construction Wood, Aluminium Joinery, Iron, Steel, Corrugated Iron

Building Age 2013

Chattels Refer to Sale & Purchase Agreement

*Source -

Method of Sale

Method of Sale: Auction (unless sold prior)

Saturday 7th June at 1.30pm (onsite)

Particulars and Conditions of Sale:

Available upon request

LIM Report: Available upon request

Next Steps: To make an offer, simply contact the selling agent

Brendan Goodwin

021 278 7770

brendan@goodwins.co.nz

Sun drenched, north-facing, open-plan living.

Floorplan

Rental Assessment

Appraised Rent Per Week: $1,495 - $1,570

Assessment Document: Attached - Page 16

Healthy Homes Assessment:

Compliant - Assessment available upon request

Home & income, or multi-generational opportunity, selfcontained cottage.

About Mount Eden

Rising majestically above its leafy streets, the volcanic summit of Mount Eden sets the stage for a suburb where heritage charm and artistic spirit converge.

Mt Eden is one Auckland’s oldest suburbs and has a bohemian reputation founded back in the 50’s that still exists to this day due in part to the communities of artists who still live nearby and the host of bookshops, galleries and vintage clothes stores that can be found on Mt Eden Road.

The focus of the suburb is Mount Eden itself, a large volcanic peak that attracts over one million visitors a year. It’s also the perfect spot for a bit of exercise with plenty of trails leading up to the top – and the views across the Waitemata Harbour are well worth the climb.

Mt Eden is best described as a leafy suburb with many streets boasting very well-established trees that line the pavement - a perk of it’s long standing. Another such perk are the classic villa and character homes that make the suburb so sought-after though they are nestled amongst the more accessible townhouses and units that have popped up over the last few decades. It’s great school zones, close proximity to the CBD and popular village all add to the appeal.

The village caters to all one could ever need with its own butcher, bakery and green grocer as well as an array of cafes, bars and restaurants. A short drive from the village is the iconic Dominion Road, home to an amazing selection of budget friendly Asian eateries. The dumplings in particular have gained a cult status to those in the know.

Mt Eden also sits walking distance to Eden Park, Auckland’s largest stadium. Best known for being the home of the All Blacks, it is also the venue for club rugby, cricket and large music concerts with Six60 making history in 2021 for being the first band to play at Eden Park – to a crowd of approximately 50,000 no less!

Certificate of Title

Meet Brendan

Brendan joined the Goodwins family business in 2017 to work alongside his father Ashley as Director and sister Catherine as Managing Director.

With years of experience in commercial property law in NZ, Australia, and the UK, followed by a commercial real estate sales and leasing career in Australia, Brendan’s skills have complemented and bolstered Goodwins’ leadership team.

Since joining the family business, he has built a reputation as the top Business Development Manager agent in Auckland, winning the REINZ Business Development Manager of the Year, nationally, in 2019 & 2020.

Brendan’s passion for building enduring relationships and broad networks has paid dividends for his clients. He commonly works with high-net-worth owners and tenants, including international sports, business and film personalities and owners of landmark properties.

In 2021, Brendan’s drive to seek out new opportunities for his clients secured Goodwins an exclusive partnership with America’s Cup challenger, American Magic.

021 278 7770

brendan@goodwins.co.nz

This resulted in 131 tenancy agreements with America’s Cup sailors, executives, and owners for Goodwins’ Auckland-based clients. During The Cup some properties fetched up to $30,000 a week. He has also fostered relationships with major film studios Warner Bros, Amazon Studios and Netflix, housing film stars and crew in the homes of his clients.

Goodwin’s is by name and nature, all about family, for Brendan. His wife Aleina works alongside him as Goodwins’ Operations/HR Manager. Aleina and Brendan live in Mt Albert with their two young children.

From 2022 Brendan is dedicating his newmarket expertise, professional ethic, and his passion for building strong relationships to Goodwins’ sales division. He is focused on seeking out and pursuing opportunities that produce exceptional results for Goodwins’ clients.

At the Real Institute of New Zealand Awards, Brendan was finalist for Residential 'Rising Star' of the year 2023.

121 Balmoral Road, Mount Eden

08 May 2025

To whom it may concern,

Thank you for engaging Goodwins to provide our rental assessment over the above-named property.

At future convenience, we would certainly also value the opportunity to present our full management service to the successful purchaser; if they are seeking to tenant the property for any period

We summarise 121 Balmoral Road as follows: (http://www.property-guru.co.nz) *

Floor Area:

Land Area:

Bedrooms:

Building Age:

Category:

Wall Material:

Roof Material:

Parking Freestanding:

Land Use:

Zoning:

2010 - 2019

Residential, Dwelling, 2010/2019, superior (RD)

Weatherboard / GOOD

Steel / G-Iron / GOOD

6 cars

Single Unit excluding Bach Residential (9A)

Current Relevant Listed Properties for Rent

There are currently 18, 4-5 bedroom properties advertised for rent in Mount Eden on www.trademe.co.nz asking a weekly rent ranging from $ 650.00 to $1,795.00 per week.

There are currently 8, 4-5 bedroom properties advertised for rent in Mount Eden on www.realestate.co.nz asking a weekly rent ranging from $ 740.00 to $ 2,299.00 per week

Zoned Schools for this Property

Auckland Normal Intermediate

Balmoral School (Auckland)

Secondary Schools

Auckland Girls’ Grammar

Mt Albert Grammar

Epsom Girls’ Grammar School

Features

• Entertainers Kitchen provides gas cooking, range hood, dishwasher, and butlers sink with central, island-bench for preparation.

• Gas Central heating ensuring year-round comfort.

• Large bedrooms all with built in robes, Master with ensuite and walk in wardrobe.

• Double-Glazed windows providing excellent insulation and noise reduction.

• Large Living areas: Offering ample space for relaxation and entertaining.

• Main bathroom provides a claw foot bath and separate shower.

• Internal laundry for added convenience

• Single garage for one vehicle and off-street parking for up to 5 vehicles.

• Fully fenced with auto front gate

• Large deck to backyard (also fully fenced) with fruit trees.

• Healthy Homes Compliant.

• Separate Cottage: Complete with open plan kitchen and lounge, heat pump, ensuite bathroom and double bedroom – Ideal for guests or extended family.

Market rent in Mount Eden (Auckland)

Please refer below tables for average rental values across the Area: *** 01 September 2024 – 28 February 2025

House

Rental Assessment

Estimate

It is our considered opinion that the achievable rent for this property, on the current market is in the region of $1495 to $1570 per week.

Yours sincerely,

Goodwin Realty Limited Licenced (REAA 2008) MREINZ

M: 021 278 7766

E: vicki@goodwins.co.nz

Source: * Property Guru, ** www.trademe.co.nz and www.realestate.co.nz, *** the Ministry of Business, Innovation and Employment

Bonds 01 September 2024 – 28 February 2025 most current data available.

Average rent – The most typical weekly rent, calculated by adding up the weekly rents for all bonds and dividing this by the total number of bonds lodged.

Standard deviation – The distribution of rents around the average. If the standard deviation is small, most of the sample is close to the average. If it is large, the distribution is more spread out. Approximately 68% of all the weekly rents will fall within one standard deviation on either side of the average. For example, if the average rent is $100 and the standard deviation is equal to 20, then approximately 68% of weekly rents will be between $80 (the average minus one standard deviation) and $120 (the average plus one standard deviation).

Lower quartile – The weekly rent at 25% of all market rents when all are placed in order of value.

Median rent – The middle value when all the weekly rents are placed in order of value. The median is a better indicator of rents in the middle of the range than the average or mean rent figure, as the average can be influenced by one or two rentals that are extremely high or low.

Upper quartile – The weekly rent at 75% of all market rents when all are placed in order of value.

**** This rental assessment does not purport to be a registered valuation and, it should be noted that rental values may change as market conditions fluctuate.

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