Living area
Beds
Nestled at 123 Favona Road, Favona, Auckland, this freehold property is a prime example of residential potential with its 3 bedrooms, 1 bathroom, and a carpark, set on a sprawling 809 square meters of land. Constructed in 1955 with roughcast walls and an iron roof, both in average condition, this home offers a floor area of 90 square meters. The property's capital value has seen a 100% increase from $600,000 in 2017 to $1,200,000 as of June 2021, showcasing a rapid growth rate. The latest sale was in 2017 for $360,000, while the HouGarden AVM estimates the property at $1,117,500, indicating a lucrative investment opportunity.
With a property contour that's level and a Mixed Housing Suburban Zone designation, the site invites developers and investors looking to capitalize on the property's development potential. The location is strategically positioned near SH20, with easy access to the city and the charming Mangere Bridge Township, while the shopping and entertainment hub of Sylvia Park is a short drive away.
For families, the property falls within the decile 2 Favona School and the decile 1 Southern Cross Campus (Yrs 7-8) zones, ensuring quality education options. This property is not just a home; it's a future-proof investment in a thriving Auckland suburb.
Updated on June 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.71 km | 3 | 2 | 220m2 | Year 2025 Month 02 Day 25 | - | Council approved | |
 | 0.37 km | 4 | 2 | 99m2 | Year 2025 Month 01 Day 29 | $841,000 | Council approved | |
 | 0.65 km | 3 | 1 | 137m2 | Year 2025 Month 01 Day 29 | $720,000 | Council approved | |
 | 0.28 km | 5 | 2 | 193m2 | Year 2025 Month 01 Day 14 | $901,000 | Council approved | |
 | 0.19 km | 3 | 1 | 94m2 | Year 2024 Month 09 Day 28 | - | Council approved |