Nestled in the heart of Manurewa, Auckland, this charming 2-bedroom, 1-bathroom residential unit with a cross-lease title is a perfect starter for first-home buyers. Constructed in 1940 with mixed materials for both the walls and roof, the property sits on a level contour and has an average condition for both its structure and roof. The 70 square meter floor area is complemented by a single car park, and the convenience is enhanced with the presence of three heat pumps for year-round comfort. The property has shown a significant Capital Value increase of 28.09%, from $445,000 in July 2017 to $570,000 as of June 2021. The HouGarden AVM estimates the property's value at $530,000, while the latest sale history includes a transaction for $490,000 in March 2023, and a previous one for $117,000 in June 1999.
For families with school-aged children, the property falls within the zones of Manurewa East School, a contributing school with a decile rating of 1, and Alfriston College, a secondary school with a decile rating of 2. This combination of affordability and access to education makes it an ideal investment for those looking to secure a home in a promising school district.
Located in a quiet cul-de-sac, this property offers easy access to public transportation, schools, and motorways, providing an exceptional opportunity to own a slice of paradise in a rapidly appreciating area. Don't miss the chance to turn this gem into your dream home!
Updated on May 18, 2024