23 Stonex Road, Papatoetoe, Auckland - Manukau

Located at 23 Stonex Road, Papatoetoe, Auckland - Manukau, this property presents a unique opportunity for developers and visionaries. The freehold land spans 880 sqm with a 3-bedroom, 1-bathroom house covering a floor area of 89 sqm. Constructed in 1950, the property features wood walls in good condition and an iron roof also in good condition. The land's contour is described as easy/moderate rise, fitting perfectly into the residential - vacant land multiple housing category. This property is not just a piece of land but a canvas for endless possibilities.

From a financial perspective, the capital value has seen a significant increase from $750,000 in July 2017 to $1,125,000 in June 2021, marking a 50% increase. The HouGarden AVM estimates the property's value at $1,077,500. Historically, the property was sold for $320,000 in January 2006 and $105,000 in April 1995. This trajectory underscores the property's growing appeal and potential for a lucrative investment.

Education is a cornerstone for any family, and this property does not disappoint. It falls within the zones for Papatoetoe East School (decile 2), Papatoetoe Intermediate (decile 2), and Papatoetoe High School (decile 3), offering a range of educational opportunities for children. The proximity to these schools adds to the property's allure, making it an ideal choice for families looking to provide their children with quality education.

Updated on April 04, 2024.