2/2 Thorn Place, Papatoetoe, Auckland - Manukau

Located at 2/2 Thorn Place, Papatoetoe, Auckland - Manukau, this charming residential property offers a unique blend of comfort and convenience. Boasting three bedrooms, one bathroom, and one carpark, this home spans a floor area of 90m². Constructed in 1977 with fibrous cement walls and tile roofing, both in good condition, this cross-lease property sits on a level contour, making it an ideal choice for families or investors. The property falls under the 'Residential - Ownership home units' category, highlighting its appeal in the ever-popular Papatoetoe area.

Over the years, the capital value of this property has seen a significant increase, from $460,000 in July 2017 to $590,000 in June 2021, marking a 28.26% growth. The latest HouGarden AVM estimates its value at $562,500. It has a history of sales, with the most recent transaction at $550,000 on January 2, 2024, and a previous sale at $320,000 on December 12, 2014. This property's financial trajectory indicates a robust investment opportunity, especially considering its rental income of $650 per week.

In terms of education, the property is zoned for Papatoetoe Intermediate (decile 2), Papatoetoe High School (decile 3), and Papatoetoe East School (decile 2), offering a range of schooling options for families. Its location ensures easy access to essential amenities, public transportation, and recreational spaces, making it a highly desirable residence for both first-time buyers and seasoned investors.

Updated on April 05, 2024.