74 Cambridge Terrace, Papatoetoe, Auckland - Manukau

Nestled on a sprawling freehold site of 921m², this attractive property at 74 Cambridge Terrace, Papatoetoe, Auckland, is a Residential - Vacant land multiple housing gem. Constructed in 1950 with wood exterior walls in good condition and tiled roofing that's average, it boasts 6 bedrooms and 2 carparks. The capital value has seen a remarkable increase from $725,000 in 2017 to $1,200,000 as of June 2021, reflecting a growth of 65.5%. The property is situated in a level contour, and with a floor area of 102m², it presents a prime opportunity for investors and developers.

History shows the property's latest sale was in 2009 for $328,000, following a sale in 2006 for $400,000. The HouGarden AVM estimates the property's value at $1,190,000. This, coupled with the fact that it's in a Mixed Housing Urban Zone, makes it an even more enticing prospect.

For families, the property falls within the decile 2 Papatoetoe South School and Papatoetoe Intermediate, and the decile 3 Papatoetoe High School zones, ensuring quality education options. This combination of location, value appreciation, and educational opportunities makes it a truly prime investment opportunity in Papatoetoe.

Updated on November 14, 2024