29 Hobson Drive, Panmure, Auckland

Nestled in the serene cul-de-sac of Hobson Drive, this 1940-built residence boasts a freehold title on a level 688m² section. The 88m² floor area is thoughtfully divided into 3 bedrooms and 1 bathroom, complemented by polished timber floors and an open plan kitchen/dining/living area. The fibrous cement walls and tiled roof are both in good condition, while the property's capital value has seen a 53.06% increase from $980,000 in 2017 to $1,500,000 as of June 2021. The latest sale in 2015 was for $620,000, while the current HouGarden AVM estimates the property at $1,485,000.

For families with school-aged children, the property falls within the zones of Baradene College (decile 9) and Tamaki College (decile 1), as well as Tamaki School (decile 1). This provides a range of educational options for different age groups. The property is vacant and ready for viewing, offering a unique opportunity to capitalize on a thriving real estate market and the owner's unfortunate circumstances.

With its prime location, solid construction, and potential for further value appreciation, this property is an attractive prospect for developers, land bankers, or first-time homebuyers. Don't miss this chance to secure a piece of prime real estate in Auckland's sought-after Panmure suburb.

Updated on November 15, 2024