12 William Potter Lane, Karaka, Auckland - Papakura

Nestled on a serene 2.4ha in the heart of Karaka, this Freehold property boasts a charming 5-bedroom homestead with a wrap-around veranda, set amidst lush mature landscaping. Constructed in 1910 with wood walls and roofing, the home offers an average condition with a floor area of 294sqm. The property, with a current Capital Value (CV) of $3,250,000, has seen a rapid increase of 27.45% since 2017. It features a saltwater inground pool, separate office, two bathrooms, double car garaging, and approximately 5,100sqm of greenhouse space with automated irrigation and heating. The property includes its own bore water and a packing shed, with an additional 3 grazing paddocks. The greenhouse is currently in operation as Oak Meadows Limited, a 30-year-old business specializing in Gerberas and other flowers, offering a potential income opportunity. The property is zoned for Te Hihi School (Decile 7), Karaka School (Decile 9), and Rosehill College (Decile 5), ensuring quality education options. The HouGarden AVM estimates the property at $2,929,500, making it an attractive prospect for those seeking a blend of lifestyle, income, and convenience.

With a CV that has shown consistent growth, from $2,550,000 in 2017 to the current $3,250,000, this property presents a sound investment. The greenhouse facilities provide an instant income stream, while the property's potential for leasing offers further financial prospects. Located conveniently near the Papakura interchange and Karaka Village, it combines the tranquility of rural living with the ease of urban access.

For families, the property falls within the catchment area of highly regarded schools. Te Hihi School and Karaka School provide excellent primary education, while Rosehill College caters to secondary education. This combination of a peaceful setting, quality schooling, and income potential makes this property a unique opportunity to own a piece of paradise.

Updated on May 16, 2024