138c Paritai Drive, Orakei, Auckland

Nestled on a prime section at 138c Paritai Drive, Orakei, Auckland, this vacant residential property boasts an expansive land area of 288 square meters. It is securely titled as a freehold, ensuring full ownership and autonomy for the potential investor. While the specifics of the exterior walls and roof construction remain unknown, the property's easy-to-moderate rise contour hints at a potentially stunning landscape. With no details on the number of bedrooms, bathrooms, or carparks, this property presents a clean slate for future development.

As per the latest valuation records, the capital value as of June 2021 stands at $1,650,000, with the HouGarden AVM estimate slightly higher at $1,660,000. Notably, the property's latest sale on August 21, 2024, was concluded at $1,100,000, indicating a significant growth potential. The capital value increase percentage, based on this sale, showcases an opportunity for investors seeking rapid appreciation.

For families with educational considerations, this property falls within a highly sought-after school zone. With a focus on the decile rating and the nearby schools, this location ensures access to quality education, a key highlight for many homebuyers.

Updated on September 18, 2024