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Sold: $760,000

Sold on 2024 Year 2024 Month 10 Day 23

2 Alderson Lane, Favona, Auckland - Manukau

2
119m2
352m2

Nestled in the serene Favona neighborhood of Auckland, at 2 Alderson Lane, lies a charming residential dwelling on a freehold site. This 2000-built home boasts 2 bedrooms, a single carpark, and a generous floor area of 119 square meters on a level plot of 352 square meters. The exterior walls, crafted from mixed materials, are in good condition, as is the tiled roof.

Since 2017, the capital value has seen a significant increase of 36.07%, from $610,000 to the current $830,000 as of June 2021. The HouGarden AVM estimates the property at $825,000, while the latest sale history shows a transaction in 2024 for $760,000, a substantial leap from the $220,000 sale in 2008.

For families with school-aged children, this property falls within the zones of Koru School, a full primary with a decile rating of 1, and Mangere College, a secondary school catering to years 9-15, also with a decile rating of 1.

Updated on November 20, 2024

Council Data

Last update : 2025 01 22
Improvement value$320,000Increased by 93% from year 2017
Land value$510,000Increased by 14% from year 2017
CV(Year 2021 Month 06)$830,000Increased by 36% from year 2017
View typeNo appreciable view
ContourLevel
Land area352m²
Floor area119m²
Decade of construction2000
TitleNA126D/770
Type of titleFreehold
Legal descriptionLOT 25 DP 197731, LOT 47 DP 197731
CouncilAuckland - Manukau
Estate descriptionFSIM,1/1,LOT 25 DEPOSITED PLAN 197731,352m2
Council rates$2,512.24
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Koru School
0.46 km
Primary
1-8
Government
Co-Educational
EQI: 510
1
Mangere College
1.10 km
Secondary
9-15
Government
Co-Educational
EQI: 525
1

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:352m²
Title:Freehold

Surrounding facilities

Alderson Lane Neighborhood and Surrounding Data

Suburbs

Data analysis - Favona properties data
Sales count(Last 12 months)
20View
Type: Freehold
Sales median price(Last 12 months)
$611,000
Low: $579,000, High: $760,000
Rent median price(Last 12 months)
$605
Low: $500, High: $650
Favona property trend
Year
Median price
Growth
Sales count
2024
$611,000
-29%
20
2023
$860,000
-3.8%
1
2022
$893,750
6.4%
4
2021
$840,000
57%
6
2020
$535,000
9%
4
2019
$491,000
-14%
2
2018
$571,000
15.4%
2
2017
$495,000
-29.8%
3
2016
$705,000
58.4%
3
2015
$445,000
73.2%
5
2014
$257,000
-
7

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
5A Robertson Road, Favona
0.29 km
4
2
-m2
Year 2024 Month 11 Day 24
-
Council approved
0.22 km
2
1
76m2
Year 2024 Month 11 Day 04
$579,000
Council approved
0.22 km
2
1
76m2
Year 2024 Month 09 Day 19
$585,000
Council approved
14 Morewood Lane, Favona
0.53 km
3
1
-m2
Year 2024 Month 09 Day 01
$800,000
Council approved
29 Tilberg Street, Favona
0.18 km
3
2
146m2
Year 2024 Month 08 Day 30
-
Council approved

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