Nestled in the serene Titoki Street of Te Atatu Peninsula, this 837sqm freehold land with a mixed housing urban zone presents a prime development opportunity. The property, built in 1950 with average-condition wood walls and iron roof, is designed with 3 bedrooms and 2 carparks, boasting a floor area of 115sqm. Notably, the capital value has seen a growth of 46.78% from $1,035,550 in 2017 to $1,520,000 as of 2021. The HouGarden AVM estimates it at $1,417,500, while the latest sale was in 2002 for $215,000.
With a convenient location, the property is close to major arterials and amenities, and is within a 3km radius of esteemed schools such as Rutherford College, Rutherford Primary, Flanshaw Road School, and Te Atatu Intermediate, all in a decile range of 4-6. This makes it an ideal investment for families and potential first-home buyers.
Embraced by outdoor spaces like Jack Colvin Park and Te Atatu Peninsula Walkway, this property is not just a piece of land but a gateway to a lifestyle that combines convenience with natural beauty.
Updated on May 31, 2024