2/181 Gray Avenue, Papatoetoe, Auckland - Manukau

Nestled in a prime location, this delightful 2-bedroom brick and tile unit at 2/181 Gray Avenue, Papatoetoe, Auckland - Manukau, offers the epitome of comfort and convenience. Built in 1960, the property features good condition brick walls and tile roof, spans over a 100m² floor area with two spacious bedrooms, a well-appointed common bathroom, and a separate single garage for parking or additional storage. The property is on a Cross-Lease title and falls under the 'Residential - Ownership home units' category, boasting an easy/moderate rise contour.

From a financial perspective, the capital value of the property has seen a significant increase, from $530,000 in July 2017 to $650,000 in June 2021, marking a 22.64% growth. The latest HouGarden AVM estimates the property's value at $622,500. Historically, the property was sold twice in 2002, first in August for $125,000 and then in October for $135,000. The property has been tenanted for the last 15 years, with long-term tenants expressing a desire to stay, making it an attractive option for investors.

Education is a priority, and this property is zoned for Papatoetoe North School (Contributing, decile 2), Kedgley Intermediate (Intermediate, decile 2), and Aorere College (Secondary (Year 9-15), decile 2), catering to a wide range of educational needs from primary through to secondary levels.

Updated on April 04, 2024.