16 Hogan Street, Pukekohe, Auckland - Franklin

Nestled in a serene cul-de-sac at 16 Hogan Street, Pukekohe, Auckland, this freehold property boasts a capital value that has seen a rapid increase of 23.97% from $740,000 in 2017 to $910,000 as of June 2021. Constructed in 1970 with mixed materials for the walls and tiles for the roof, this dwelling sits on an easy-to-moderate rise contour with a floor area of 144 square meters and a land area of 1,135 square meters. The property, with its good wall and roof conditions, offers a prime investment opportunity with high returns, enabling expenses to be covered, including the services of a professional property manager.

Valuation history shows a HouGarden AVM of $872,500, while the latest sale on May 15, 2023, was at $810,000. This indicates a potential for growth and instant 'paper equity' for the savvy investor. The property's location is further enhanced by its proximity to the Waikato University and its inclusion in the sought-after school zones of Pukekohe North School (Decile 1), Pukekohe Intermediate (Decile 5), and Pukekohe High School (Decile 6).

With a teaser of 'GOOD SIZE, GREAT RETURN', this property complex, consisting of three units with separate titles and five furnished studio apartments each, is an attractive prospect for investors looking to secure their financial future.

Updated on October 15, 2024