12a Oratu Place, Manurewa, Auckland - Manukau

Nestled in the tranquility of 12a Oratu Place, Manurewa, Auckland, this residential dwelling on a freehold title boasts 3 bedrooms, a single carpark, and a floor area of 101 square meters on a levelled 358 square meter plot. Constructed in 2000 with fibrous cement walls and an iron roof, both in good condition, this property offers a solid foundation for potential investors. The capital value has seen a significant increase from $500,000 in 2017 to $690,000 as of June 2021, marking a growth of 38%. With a HouGarden AVM of $640,000, and recent sale history showing a high of $790,000 in 2016 and $507,500 in 2014, this property presents a promising investment opportunity.

For families, the property falls within the zone of Finlayson Park School, Manurewa Intermediate, Rowandale School, and James Cook High School, all with a decile rating of 1. This tidy home, needing a touch of love and renovation, could be the perfect start to the property ladder or a strategic addition to any investor's portfolio, with potential rental returns in the high 600s per week.

Embrace the chance to secure an affordable first home or a sound investment in a quiet cul-de-sac, where you can watch your investment grow over the coming years.

Updated on July 03, 2024