332 Massey Road, Mangere East, Auckland - Manukau

Embracing a versatile canvas on a freehold land of approximately 1,012m², this property at 332 Massey Road, Mangere East, Auckland, is a gem for developers, investors, and land bankers. Configured with 3 bedrooms and a spacious living area of 172m², it boasts an average-condition concrete exterior and an iron roof, constructed in 1928. The property, with a single carpark, is positioned in a prime location, neighboring Walter Massey Park and within walking distance to Middlemore Hospital and Train Station. The capital value has seen a remarkable increase of 61.39% from $790,000 in 2017 to $1,275,000 as of June 2021, with a HouGarden AVM estimate of $1,245,000. The latest sale history includes a transaction of $1,103,000 in 2023 and $170,000 in 2001.

From a valuation perspective, the property presents a strong case with its Business Mixed Use Zone status, which allows for a variety of development opportunities, potentially including townhouses or apartments up to four storeys high, subject to council approval. The existing structure, while needing renovation, offers a blank slate for transformation.

For families, the property falls within the decile 1 Mangere East School, decile 2 Kedgley Intermediate, and decile 2 Aorere College zones, ensuring quality education options. Whether you seek a renovation project or a complete redevelopment, this property is a compelling investment opportunity.

Updated on August 20, 2024