208/8 Gray Avenue, Mangere East, Auckland - Manukau

Nestled in the heart of Mangere East, Auckland, is a delightful 2-bedroom, 1-bathroom unit with a capital value that has seen a remarkable increase of 35.63% since 2017. This unit, built in 2020 with iron roofing and wooden exterior walls in good condition, offers a floor area of 50 square meters and is part of a unit title. The property, located at 208/8 Gray Avenue, is not only centrally located but also enjoys full sun, providing warmth throughout the winter months. It's particularly suitable for medical professionals, being mere steps away from Middlemore Hospital. The unit comes with a private carpark, securely gated for peace of mind, and is conveniently situated near public transportation and major motorways, with essential amenities like petrol stations and a Countdown supermarket just a short drive away.

As for the financials, the property's Capital Value (CV) as of June 2021 is $590,000, a significant leap from its $435,000 valuation in July 2017. The HouGarden AVM estimates the property's value at $582,500, while the latest sale records from 2021 and 2014 indicate a strong market presence with sales at $564,000 and $500,000 respectively. This unit is not just a home but a sound investment opportunity for both first-time buyers and investors.

For families with children, the property falls within the zones of several schools, including Mangere East School (Decile 1, Full Primary), Kedgley Intermediate (Decile 2), Aorere College (Decile 2, Secondary), and Otahuhu College (Decile 1, Secondary). This makes it an ideal choice for those seeking a quality education for their children.

Updated on November 20, 2024