14 Lincoln Road, Manurewa, Auckland - Manukau

Nestled on a level 696m2 freehold section on a quiet cul-de-sac in Manurewa, Auckland, this Residential - Home & Income property boasts 4 bedrooms, 2 carparks, and a floor area of 154m2. The exterior walls, a mix of materials, are in good condition, while the iron roof is average. The property has seen a significant Capital Value increase of 75.68% over the past 5 years, from $740,000 in 2017 to $1,300,000 as of June 2021. The latest sale was for $1,150,000 in June 2022, a stark contrast to the $152,000 sale in 1997. HouGarden AVM estimates the property's value at $1,210,000. The main house, rented for $670PW, and the minor dwelling, rented for $480PW, offer a combined rental income of $1,150PW. In the sought-after school zone, Manurewa East School is a contributing primary with a decile rating of 1, while Alfriston College is a secondary school with a decile rating of 2.

Renovated just a year ago, the main house features an open plan living and dining area, a modern kitchen with quality appliances, and three generous bedrooms. It is equipped with double glazed windows and a heat pump for year-round comfort. The minor dwelling is a low maintenance setup with a sizeable dining area and a functional kitchen. Both residences enjoy convenient access to public transport, with Manurewa Train Station and Te Mahia train station nearby, along with arterial bus routes and quick access to the Southern Motorway.

For families and investors, this property is a golden opportunity, zoned for Mixed Housing Urban and in close proximity to well-rated schools. With such a promising CV growth and rental potential, this home and income property is priced to sell and should not be missed!

Updated on May 10, 2024