18a Gibbons Road, Manurewa, Auckland - Manukau

Nestled in the tranquility of a quiet cul-de-sac at 18a Gibbons Road, Manurewa, Auckland, this freehold property boasts a 3-bedroom and 1-bathroom home with a single car park. Constructed with sturdy wood walls and iron roofing, the 70-square meter floor area is complemented by a level 415-square meter land. The well-maintained walls and roof, coupled with the property's versatile layout, make it an ideal investment opportunity. Currently valued at $960,000 according to the government's capital value assessment as of June 2021, the property's value has been on a steady rise. The HouGarden AVM estimates the property's worth at $935,000, reflecting a potential growth percentage that's sure to catch the eye of investors.

History shows a promising trend with the property's capital value increasing at a notable pace. The recent sales in the area suggest a healthy market, and with a projected yield of over 7%, this property stands out as a lucrative investment. The combination of a prime location, rental income potential, and a capital value on the upswing, make this property a golden opportunity for those looking to expand their real estate portfolio.

For families, the property falls within a desirable school zone. The local schools boast impressive decile ratings, ensuring a quality education for children. Whether you're looking to settle down in a family-friendly neighborhood or seeking a sound investment, this property is strategically positioned to cater to both needs. Don't miss the chance to secure this gem in the heart of Manurewa.

Updated on August 01, 2024