42 Airfield Road, Takanini, Auckland - Papakura

Nestled in the serene cul-de-sac of Airfield Road, Takanini, Auckland, lies a valuable freehold property. This residential dwelling, built in 2005 with iron roofing and plastic exterior walls in good condition, boasts 6 bedrooms, 3 bathrooms, and a spacious floor area of 96 square meters on a levelled 539 square meter plot. The property's capital value has seen a significant increase from $610,000 in July 2017 to $880,000 as of June 2021, reflecting a growth rate of 44.26%. This is an opportunity not to be missed, as the owner is urgently looking to sell, presenting a solid investment with potential for further growth.

With a HouGarden AVM of $820,000 and a history of sales at $320,000 in July 2013 and $340,000 in December 2005, this property offers stability and a promising return on investment. The current configuration as a lodge-style accommodation with shared spaces and a weekly rental income of $1,432.50 from the main dwelling, and similar returns from the secondary dwelling, make it an attractive prospect for investors looking to diversify their portfolio.

For families, the property falls within the zones of both Alfriston College (decile 2) and Takanini School (decile 1), ensuring quality education for all ages. This combination of investment potential and family convenience makes it a key to a profitable investment portfolio.

Updated on May 28, 2024