Nestled at the back on a generous 411m2 plot of land, this character bungalow at 1/150 Favona Road, Favona, Auckland - Manukau, offers a slice of history and a world of opportunity for both first-time buyers and savvy investors alike. With three bedrooms, one bathroom, and one carpark, this Cross-Lease property spans a floor area of 116m2. Built in 1930, the house features wooden walls and an iron roof, both in average condition, and sits on a land contour described as Easy/Moderate Fall. This residential dwelling encapsulates the essence of vintage charm, with its architectural details and unique character.
Over the years, the capital value of this property has seen a significant increase, from $600,000 in July 2017 to $790,000 in June 2021, marking a 31.67% growth. The latest HouGarden AVM estimates its value at $780,000. The property last changed hands in April 2016 for $528,000. This bungalow not only promises a return on investment but also holds a story of a beloved family home, ready for its next chapter with a new owner.
Located within the school zones of Favona School (Decile 2, Contributing) and Southern Cross Campus (Yrs 7-8) (Decile 1, Composite), this property offers educational opportunities in close proximity. Its timeless appeal and potential for further development make it an attractive option for families looking to create their own legacy within its walls.
Updated on March 22, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $635,000 | 4.1% | 4 |
2022 | $610,000 | -10.3% | 3 |
2021 | $680,000 | 0.4% | 5 |
2019 | $677,000 | 31.3% | 2 |
2018 | $515,460 | 1.5% | 2 |
2017 | $508,000 | 21.2% | 2 |
2016 | $419,000 | 31.3% | 5 |
2014 | $319,000 | - | 4 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 4 | 1 | 100m2 | 2024年05月01日 | $737,000 | Council approved | |
0.26 km | 6 | 3 | 104m2 | 2024年02月29日 | $3,450,000 | Council approved | ||
 | 0.09 km | 3 | 2 | 92m2 | 2024年01月12日 | $870,000 | Council approved | |
0.32 km | 3 | 195m2 | 2023年12月04日 | $810,000 | Council approved | |||
 | 0.34 km | 1 | 1 | 48m2 | 2023年11月21日 | $501,000 | Council approved |