56 Milton Road, Papatoetoe, Auckland - Manukau

Nestled on a prime 809 sqm freehold section in the heart of Papatoetoe, Auckland, this 190m2 residential property boasts 4 bedrooms, 3 bathrooms, and 3 car parks. Constructed in 1950 with roughcast walls and an iron roof, both in good condition, this home is a perfect blend of classic charm and modern convenience. The property has seen a significant Capital Value increase of 31.7% from $880,000 in 2017 to $1,150,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,102,500, while the latest sale history shows a jump from $110,000 in 1989 to $830,000 in 2016. Currently tenanted with a lease of $950 per week, this property offers immediate income potential.

For families, the property falls within the decile 2 school zones of Papatoetoe North School, Kedgley Intermediate, and Aorere College, ensuring quality education options. The location is ideal, with easy access to amenities, transport, and shopping, making it a perfect blend of comfort and convenience.

With potential for further development or subdivision, this property presents a golden opportunity for developers, land bankers, and homeowners looking to renovate or build their dream home. Don't miss out on this incredible chance to secure a property that offers both rental income and future growth potential in a sought-after location.

Updated on October 24, 2024