5 Wallace Road, Ranui, Auckland - Waitakere

Nestled in the scenic Waitakere Ranges, this inviting 4-bedroom, 1-carpark residence on 5 Wallace Road, Ranui, Auckland, is a freehold property with great potential. Constructed in 1977 with wood walls and tiled roofing, both in good condition, it spans a floor area of 120sqm on a generous 1,106sqm section. The property's Capital Value (CV) has seen a decrease of 7.41% from $1,080,000 to $1,000,000 between 2021 and 2024. However, with a HouGarden AVM of $1,032,500 and a latest sale history of $740,000 in 2019, this home presents a lucrative opportunity. In the Swanson Primary School zone, a Decile 3 institution, and near Waitakere College and Henderson Intermediate, educational options are abundant. This property is perfect for those seeking a value-adding project with a view, space, and a sought-after school zone.

With a steep fall contour and an elevated position, the property enjoys all-day sun and potential for a secondary dwelling. It's a DIY enthusiast's dream, ready for modern restoration to unlock its full potential. Close to Swanson and Ranui train stations, with easy motorway access, and convenient to Lincoln Road amenities, the location is hard to beat. This is a golden opportunity for investors, developers, or homebuyers looking to build capital wealth.

Embrace the chance to transform this spacious property into your dream home, all while enjoying the benefits of a prime school zone and a thriving community.

Updated on September 26, 2025