Nestled in the serene Macky Avenue of Mangere East, Auckland, this 1960-built freehold property offers a promising investment opportunity. The 120sqm floor area is complemented by 3 bedrooms, 2 carparks, and a generous land size of 1201sqm. The residence boasts an iron roof and brick exterior walls, both in average condition, sitting on a contour with an easy to moderate rise. With a CV of $950,000 as of June 2021, this home has shown a 30.14% increase since July 2017, reflecting a solid capital growth. The HouGarden AVM estimates the property at $882,500, indicating a potential bargain for the right buyer.
History shows a consistent rise in the property's value, with the latest sale reflecting a strong market interest. The location is further enhanced by its inclusion in the decile 1 school zones for both Sutton Park School (Full Primary) and Southern Cross Campus (Years 7-8), ensuring quality education options for families.
For the visionary renovator, this property presents an exciting project. Envision a transformed living space with modern finishes and a deck that converts into an idyllic outdoor haven. The ample section provides scope for creative landscaping, offering both privacy and potential for added value. Whether as a development opportunity or a canvas for your dream home, this property is a gem waiting to be polished.
Updated on June 25, 2024