64 Mangere Road, Otahuhu, Auckland

Nestled at 64 Mangere Road, Otahuhu, Auckland, this freehold property is a gem in the city's flourishing real estate market. The 6-bedroom, 1-bathroom residence, built in 2000 with roughcast walls and an iron roof, offers a generous floor area of 235sqm on a sprawling 1072sqm site. The property, with an average wall and roof condition, is situated on a contour with an easy to moderate fall, making it an ideal candidate for subdivision or extensive development. Notably, it includes a 2-bedroom income unit at the rear, perfect for investors looking to maximize returns in a rapidly growing area.

Since 2017, the capital value has seen a staggering increase of 94.8%, from $924,000 to the current $1,800,000 as per the government's valuation. The HouGarden AVM estimates the property's worth at $1,785,000. With a history of successful sales, this property presents a lucrative investment opportunity. The recent Otahuhu College and Fairburn School, both with a decile rating of 1, are within the vicinity, adding to the property's appeal.

Located in a prime school zone, this property is perfect for families. The nearby Otahuhu College caters to secondary students (Year 9-15), while the Fairburn School offers primary education. The property's convenient access to public transport, the train station, Middlemore Hospital, and local amenities further enhance its value. This is a rare chance to secure a prime property in an area with high-density potential, making it an attractive prospect for developers, investors, and families alike.

Updated on November 07, 2024