Nestled in the heart of Favona, at 14 Quennell Avenue, is a charming residential property, now available for the first time in over three decades. This freehold property boasts 3 bedrooms, 1 bathroom, a single carpark, and a separate lock-up garage. Constructed in 1960 with fibrous cement walls and an iron roof, it sits on a level 713m2 section with a road frontage. The well-maintained home has an average wall and roof condition, and a floor area of 88m2, making it an ideal family residence with potential for value addition. The property has seen a significant Capital Value increase of 68.42% from $570,000 in 2017 to $960,000 as of June 2021. HouGarden AVM estimates the property's value at $892,500, indicating a promising investment opportunity.
As for the government valuation history, the rapid CV growth highlights the property's appeal and potential. The recent sale history and the upcoming auction on May 1st, 2024, at Ray White Manukau's Mega Auction Event, are testament to the property's desirability. The location is further enhanced by the nearby schools, including Favona School with a decile rating of 2 and Southern Cross Campus for years 7-8, rated at a decile of 1, making it an excellent choice for families with children.
With its convenient access to shops, daycares, and SH20, this property offers both comfort and connectivity. It's a perfect opportunity for buyers looking to enter the property market, especially considering the property's solid foundation and the potential for personalization over time. Don't miss the chance to secure this property in a sought-after school zone with a promising investment outlook.
Updated on May 09, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $828,000 | -10% | 26 |
2022 | $919,500 | 5.4% | 16 |
2021 | $872,500 | 20.3% | 38 |
2020 | $725,000 | 8.2% | 25 |
2019 | $670,000 | 4.7% | 28 |
2018 | $640,106 | -1.5% | 42 |
2017 | $650,000 | 7.4% | 36 |
2016 | $605,000 | 13.3% | 34 |
2015 | $534,000 | 21.4% | 42 |
2014 | $440,000 | - | 40 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 4 | 1 | 100m2 | Year 2024 Month 05 Day 01 | $737,000 | Council approved | |
 | 0.29 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 01 | - | Council approved | |
0.46 km | 6 | 3 | 104m2 | Year 2024 Month 02 Day 29 | $3,450,000 | Council approved | ||
0.50 km | 228m2 | Year 2024 Month 02 Day 08 | $1,675,000 | Council approved | ||||
 | 0.17 km | 3 | 2 | 92m2 | Year 2024 Month 01 Day 12 | $870,000 | Council approved |