Nestled at the core of Bombay Village, this two-storey residence, renovated recently, stands majestically on a vast 1262m2 freehold section at 48 Paparata Road. The property, which includes two legally separate dwellings and an additional utility building, boasts of a prime location opposite the esteemed Bombay Primary & Intermediate School. Constructed in 1980 with a mix of materials for the walls and iron for the roof, both in good condition, this home offers a unique opportunity with its dual living potential, making it an attractive investment. The upper level features 3 bedrooms, a renovated bathroom, and a master with a study nook and walk-in wardrobe. The lower level provides a self-contained one-bedroom unit. The property has seen a 32.18% increase in Capital Value from $870,000 in 2017 to $1,150,000 as of June 2021. The HouGarden AVM estimates the property at $1,067,500, while the latest sales were at $1,090,000 in 2024 and $830,000 in 2018. With a decile 9 school zone and easy access to the motorway, this property is not just a home but a sound investment.
Boasting a solid brick and concrete block construction, tile roof, and a double garage with internal access, the residence is designed for comfort and convenience. The section, with its established gardens and level lawns, offers space for children to play and views that span the north and west from the wrap-around deck. This legal home and income property presents multiple income streams, whether for a growing family or as an investment, with rental appraisals indicating potential weekly earnings of $1,130 - $1,280.
Located in a quiet cul-de-sac, the property falls within the catchment area of the highly rated Bombay School and Pukekohe High School, both known for their academic excellence. This combination of location, quality, and potential makes it a rare find in the Franklin region.
Updated on May 08, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,440,000 | -6.3% | 11 |
2022 | $1,537,500 | -9.6% | 12 |
2021 | $1,700,000 | 36% | 23 |
2020 | $1,250,000 | 13.6% | 19 |
2019 | $1,100,000 | -9.1% | 17 |
2018 | $1,210,000 | 10% | 15 |
2017 | $1,100,000 | 22.2% | 17 |
2016 | $900,000 | 97.8% | 25 |
2015 | $455,000 | -29.7% | 41 |
2014 | $647,000 | - | 43 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 5 | 2 | -m2 | Year 2024 Month 04 Day 01 | - | Council approved | |
 | 1.28 km | 5 | 3 | -m2 | Year 2024 Month 01 Day 12 | $1,340,000 | Council approved | |
0.88 km | 3 | 220m2 | Year 2023 Month 12 Day 09 | $2,200,000 | Council approved | |||
0.06 km | 3 | 0m2 | Year 2023 Month 12 Day 07 | $800,000 | Council approved | |||
 | 0.41 km | 4 | 2 | 200m2 | Year 2023 Month 11 Day 23 | $960,000 | Council approved |