1/15 Lynette Place, Mangere, Auckland - Manukau

Embrace this exclusive opportunity to own a pair of newly renovated 2-bedroom, 1-bathroom brick and tile units, nestled at the end of a serene cul-de-sac in Lynette Place, Mangere. These freehold units, each with an enclosed carport and extra parking, are a treasure for investors. With a current Capital Value (CV) of $620,000, these properties have seen a remarkable increase of 32.15% since 2017. The latest sale in 2021 was at $590,000, signifying the growth potential. The HouGarden AVM estimates the value at $577,500, making it an attractive prospect. Constructed in 1960 with stone walls and tiled roofs, these units offer an average condition and level contour. They are perfect for dual income, first-time buyers, or families seeking multigenerational living. The educational institutes in the area, such as Viscount School, Mangere College, and Sir Douglas Bader Intermediate, all have a decile rating of 1, ensuring quality education. These units, with their modern comfort and versatile potential, are not to be missed.

Property highlights include a CV increase speed of 0.32, a floor area of 70 square meters, and a cross-lease ownership type. The combination of prime location, investment potential, and educational amenities make these units a golden opportunity in the Mangere real estate market.

Educationally, the property falls within the zones of Viscount School, a full primary school, Mangere College for secondary education, and Sir Douglas Bader Intermediate, catering to the needs of children of all ages. The school zones add significant value to the property, ensuring a bright future for families.

Updated on July 11, 2024