240/287 Onehunga Mall, Onehunga, Auckland

Nestled in the serene cul-de-sac of Onehunga Mall, this 3-bedroom unit with a Unit Title offers a perfect blend of comfort and investment potential. Constructed in 2009 with robust concrete walls and an Iron roof, this 113m2 apartment boasts a floor area that's both warm and quiet. The property has seen a Capital Value (CV) increase of 20%, jumping from $625,000 in 2017 to the current $750,000 as of June 2021. The latest sale in March 2024 confirms the property's worth at $750,000, closely aligning with the HouGarden AVM estimate of $720,000.

For families, the property falls within the zones of several esteemed schools. Baradene College, a secondary school with a decile rating of 9, is one of the many highlights. Royal Oak Intermediate School, Onehunga High School, and Onehunga Primary School offer a range of educational options, catering to different age groups and academic needs.

Located in a complex that's a haven for both first-time buyers and investors, this property is not just a home but a sound investment. With the potential for rental income reaching up to $750 per week and a predominantly owner-occupied complex, it's a recipe for solid capital growth and long-term tenancy. The unbeatable location, just a stone's throw from public transport, shopping, and dining, makes this property a rare find in the Auckland real estate market.

Updated on April 10, 2024