Embark on your real estate journey with this conveniently located gem in Conifer Grove. This 2-bedroom home, nestled in a quiet cul-de-sac at 2/56 Challen Close, offers a generous living space with a floor area of 70m². The property, built in 1976, features fibrous cement walls and tile roofing, both in good condition. It's a cross-lease property with no specified land area, making it an ideal choice for those seeking a low-maintenance lifestyle. The modern bathroom, separate toilet, and fully fenced yard add to the convenience and appeal of this home, perfect for first-time buyers or investors.
From a financial perspective, the property has shown impressive growth, with the capital value increasing from $480,000 in July 2017 to $670,000 in June 2021, marking a 39.58% increase. The latest HouGarden AVM estimates the property's value at $640,000. Recent sales in the area include a sale for $616,000 in February 2024 and $545,000 in October 2023, highlighting the property's solid investment potential. This home, which could possibly rent for $550 per week or more, represents an excellent opportunity in the current market.
Located in the coveted zone for Conifer Grove School (decile 4), Rosehill Intermediate (decile 3), and Rosehill College (decile 5), this property offers great educational opportunities. Its proximity to parks, local amenities, public transport, and shopping centres like Waiata Shores and Takanini, ensures convenience at every turn. Don't miss this fantastic opportunity to own an affordable property in a sought-after location.
Updated on April 05, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $612,000 | -22.4% | 5 |
2022 | $789,000 | 2.5% | 3 |
2021 | $770,100 | 39.6% | 3 |
2020 | $551,500 | 0.7% | 10 |
2019 | $547,500 | 4% | 6 |
2018 | $526,500 | 4.8% | 4 |
2017 | $502,500 | -6.6% | 4 |
2016 | $537,725 | 27.1% | 12 |
2015 | $423,000 | 38.7% | 6 |
2014 | $305,000 | - | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.44 km | 3 | 1 | 108m2 | 2024年04月26日 | $777,000 | Council approved | |
 | 0.32 km | 4 | 2 | 184m2 | 2024年02月12日 | $1,180,000 | Council approved | |
 | 0.40 km | 2 | 1 | 84m2 | 2024年02月08日 | $700,000 | Council approved | |
0.24 km | 2 | 1 | 60m2 | 2023年12月16日 | $613,013 | Council approved | ||
0.34 km | 260m2 | 2023年11月30日 | $1,700,000 | Council approved |