61 Portage Road, Otahuhu, Auckland

Nestled in the increasingly popular suburb, this classic 1960s weatherboard home at 61 Portage Road, Otahuhu, Auckland, offers a serene park-side living experience. It sits on a freehold section of 1057m2, featuring 3 bedrooms, 1 bathroom, and a floor area of 87m2. The Iron roof and Wood exterior walls are in average condition, reflecting the authentic charm of the era. This property, with a CV of $1,575,000 as of June 2021, has seen a remarkable increase of 113.8% from its $740,000 valuation in July 2017. The HouGarden AVM estimates the property at $1,562,500, while the latest sales were recorded at $345,000 in 2006 and $158,000 in 2002.

For investors, this is a prime opportunity for land banking with potential for future development, given the mixed housing suburban zoning. The location is conveniently situated near the train station, with easy access to Sylvia Park's amenities, State Highway 1, and main arterials east and west. Additionally, the proximity to Manukau City and the airport adds to the property's appeal. This cost-effective freehold purchase is ideal for those seeking a spacious first home or a project to add personal value.

As for the school zone, Otahuhu College, a secondary school (Year 9-15) with a decile rating of 1, is in the vicinity. This property presents a golden opportunity for families looking to settle in a reputable educational area. Don't miss out on this attractively priced property, as the vendor is moving overseas and it's priced to sell!

Updated on November 28, 2024