3 Aumarire Lane, Favona, Auckland - Manukau

Nestled in the tranquility of 3 Aumarire Lane, this charming Favona property is a perfect blend of modern comfort and freehold convenience. Constructed with a mix of robust materials, the exterior walls are in good condition, complemented by a well-maintained iron roof. The 2-bedroom, 1-bathroom residence boasts a floor area of 76 square meters on a levelled 75-meter section, complete with a single carpark. This residential ownership home unit, built in 2023, is valued at $680,000 according to the June 2021 government valuation, showcasing a promising investment with a capital value growth potential.

History reveals a consistent rise in value, with the HouGarden AVM estimating the property at $675,000. The latest sale on September 19, 2024, for $585,000, indicates a competitive market and a significant capital value increase over time. This trend is a testament to the property's appeal and the area's growing popularity.

For families with educational priorities, this property falls within the zones of both Koru School, a full primary with a decile rating of 1, and Mangere College, a secondary school catering to years 9-15, also with a decile rating of 1. The combination of quality education and a strategically located property makes this an ideal choice for both investors and families.

Updated on November 06, 2024