67 Dominion Road, Papakura, Auckland - Papakura

Nestled at 67 Dominion Road, Papakura, Auckland, this Freehold property is a gem on a level contour, boasting a 97m² floor area on a spacious 1153m² section. Constructed in 1967 with wood walls and an iron roof, both in average condition, the property currently features a 3-bedroom and 1-bathroom home. The capital value has seen a remarkable increase from $590,000 in 2017 to $940,000 as of June 2021, reflecting a growth rate of 59.32%. The HouGarden AVM estimates the property's worth at $930,000, while the latest sales were recorded at $680,000 in 2018 and $575,000 in 2016.

For investors and developers, this property presents a golden opportunity with potential to subdivide and construct up to seven houses, subject to council approval. It's a land of possibilities, ideal for land banking in a rapidly appreciating area or creating a new community in a sought-after location.

Educationally, the property falls within the zones of Kelvin Road School, Papakura Intermediate, and Papakura High School, all with a decile rating of 1, indicating a strong educational foundation in the area.

Updated on November 08, 2024