Nestled on a generous 688 sqm freehold section at 9 Thompson Terrace, Manurewa, Auckland, this versatile property presents a captivating opportunity for developers and investors. Constructed in 1960 with mixed materials for the walls and iron for the roof, the home boasts an average condition both inside and out. It features 3 spacious bedrooms, 1 modern bathroom, and a carpark, with a floor area of 91 sqm. The property, suitable for potential development (subject to Council Approval), has shown a significant Capital Value increase of 40.98% from $610,000 in 2017 to $860,000 as of June 2021. The HouGarden AVM estimates the property's value at $852,500, while the latest sales history includes a sale in 2015 for $517,000 and another in 2010 for $310,000.
For families, the property falls within the decile 1 school zones of Manurewa Intermediate, Leabank School, and James Cook High School, ensuring top-notch education for all ages. The open-plan living area, modern kitchen with granite benchtops, and sun-soaked entertainment deck make it an ideal blend of comfort and convenience. With potential for additional building at the back and a prime location near amenities, this property offers both immediate satisfaction and long-term investment potential.
Don't miss the chance to secure this property with a promising CV growth history and excellent school networks. It's a perfect match for those seeking a blend of investment opportunity and family living.
Updated on November 21, 2024