540 Mount Eden Road, Mount Eden, Auckland, 1024, New Zealand

This character turn-of-the-century bay villa is being auctioned with an upfront vendor declared 20% below CV reserve at auction. Altered and modernised over the years it’s been the backdrop to a million stories over the decades. Bearing witness to the dynamic flow of Auckland life outside the front door on Mt Eden Road, this grand old dame sitting on a valuable 645 sqm of Business: Mixed Use Zoned land is, like some of her past tenants, at a crossroads of sorts. Developers, investors, land bankers and enthusiastic visionaries who see this property slotting neatly into the brief for location, land size, top school zones (Double Grammar) and with such serious potential are urged to consider making a move on this.

Currently the very tidy five-bedroom home sits close to the front and side boundaries with the land at rear sloping away on tiered levels to culminate in a tree-covered lower lawn edged by a charming stone wall. Layout of the house has a simple floor plan still indicative of the era with central hall feeding to the bedrooms and modernised bathrooms – the main with an ensuite and massive walk-in wardrobe. At each end of the home, a lounge and smart kitchen/dining room combination provide ample space for family living and entertaining. Sunny and warm with three heat pumps for winter snugness, the house is well-maintained and offers off street parking for three vehicles.

Positioning such a close stroll to Mt Eden’s caf precinct is a huge asset, as is the crossroads with eateries opposite. Handy for public bus transport – almost at the door – and in close proximity for CBD-bound commuters, this is rare opportunity to secure prime Auckland real estate for profitable payback in the right hands.