1/1 Prangley Avenue, Mangere, Auckland - Manukau

Nestled in the serene Mangere neighborhood of Auckland, this 1970-built residential gem at 1/1 Prangley Avenue boasts a cross-lease title on a site with an easy/moderate rise contour. The 100sqm floor area is cleverly divided into three generous bedrooms, a family bathroom, and a separate laundry with a shower. The brick exterior and tiled roof are both in good condition, reflecting the solid construction that promises durability. This property, perfect for both first-home buyers and shrewd investors, has seen a CV increase of 27.42% from $620,000 in 2017 to $790,000 as of June 2021. The HouGarden AVM estimates the property's value at $770,000, making it an attractive investment in a rapidly appreciating area.

With a recent sales history indicating strong market interest, this property presents a golden opportunity. The government's capital value assessment and the private HouGarden estimate both point to a promising financial future for potential buyers. The current owner is motivated to sell, creating a rare chance in the high-demand neighborhood.

For families with school-aged children, the property falls within the zones of several reputable institutions. Jean Batten School, Sir Douglas Bader Intermediate, and Mangere College are all within easy reach, with Mangere College being a secondary school with a decile rating of 1. The convenience of the location is further enhanced by its proximity to motorways, shopping centers, parks, and public transport, making this property a perfect blend of comfort, convenience, and potential.

Updated on July 26, 2024