Embrace the potential of this freehold property, an ideal choice for discerning investors seeking a renovation project with significant value growth. Nestled on a spacious 600m2 section, this residence boasts three generous bedrooms and a vast living area that opens up to a large entertainment deck. Constructed in 1976 with fibrous cement walls and an iron roof, the property is equipped with modern amenities including a well-appointed kitchen, separate toilet, bathroom, and laundry. The property's CV has seen a remarkable increase of 62.24% from $490,000 in 2017 to $795,000 as of June 2021. The HouGarden AVM estimates the property's value at $790,000, while the latest sales history includes transactions at $155,000 in 1997 and $93,000 in 1993. Located in a quiet cul-de-sac, the property is in the decile 1 school zone for Papakura Intermediate, Papakura High School, and Redhill School, making it an attractive option for families.
For those looking to capitalize on a prime investment opportunity, this property's value enhancement potential is undeniable. Its convenient location near Papakura town centre, with easy access to motorways and public transport, further enhances its appeal. Don't miss the chance to explore the possibilities this property has to offer.
With a solid foundation and ample space, this property presents a golden opportunity for investors and families alike, in a sought-after school zone with excellent educational facilities.
Updated on November 05, 2024