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5 Oaklands Road, Mount Eden, Auckland City

Asking Price $4,880,000

8

5

360m²

1,115m²

Location & Potential

Opportunities like this are rare in Mt Eden. On offer is a substantial 1115m2 (mol) freehold site, superbly positioned just steps from Mt Eden Village. Currently configured as five self-contained flats with long-term tenants, it provides an immediate and attractive income stream while you plan your next move, whether that's development, land banking, or holding for the long term.

Property Highlights:

• Flat 1115m2 (mol) freehold site zoned Mixed Housing Suburban - Projected to become Mixed Housing Urban under new zoning changes

• Development potential with subdivision possible (subject to council approval)

• Currently returning $138,580 p.a. across five tenanted flats

• Minutes walk to Mt Eden Village and Maungawhau/Mt Eden

• In zone for Auckland Grammar, Epsom Girls Grammar, Mt Eden Normal School, and Auckland Normal Intermediate

• Excellent public transport and motorway access with easy access to Newmarket & CBD

• Close to the new Maungawhau/Mt Eden City Rail Link station opening in 2026 offering faster, more frequent connections to the CBD and wider Auckland

• Owned within the same family for 50 years this property is tightly held and located in a highly sought-after street

A blue-chip location, strong holding income, and significant potential, this is a must-see for developers, investors, and land bankers alike. With demand for city-fringe land only increasing, and improved transport infrastructure set to boost the area's appeal even further, now is the time to secure a property with both immediate returns and long-term growth prospects.

Contact us today to request an information pack. This rare Mt Eden landholding will not last.

* Please note viewings are from the exterior only as the flats are tenanted.

Additional details

Type

House

Property ID

SNH32173

Listed on

17/08/2025

Updated

17/11/2025

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

OneRoof estimate

OneRoof mentions

Listed for sale on OneRoof for 112 days (last updated on 17 August) and was last sold in 1990 for $273,000. OneRoof now estimates this property to be $4,920,000 and its latest rating valuation by Auckland City council is $4,250,000 as of 2024. There are 6 8-bedroom properties for sale nearby. There are 80 properties for sale in Mount Eden.

Property data

Broadband available

Floor area

381m²

Land area

1,115m²

Unitary Plan

Zone 18 Residential - Mixed Housing Suburban Zone

About the area

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Time (yrs)

5 yrs

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Mount Eden, Auckland City

Mount Eden is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Mount Eden is the 9th largest suburb of Auckland in terms of the total number of residential housing stock. Mount Eden provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1800 - 1809. The majority of the residential housing stock in the locality was constructed between 1920 - 1929. Residential housing stock in Mount Eden is made up of approximately 95% residential housing and 5% residential investment housing properties.

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