Nestled in the serene Favona, this 4-bedroom, 2-carpark property on 3 Quennell Avenue stands on a generous 635sqm of freehold land. Constructed in 1970 with fibrous cement walls and an iron roof, it presents a prime opportunity for investors or first-time buyers. The property has seen a 57.38% increase in Capital Value from $610,000 in 2017 to $960,000 in 2021, while the HouGarden AVM estimates it at $922,500. The latest sales were in 1994 and 1991 at $80,000 and $85,000 respectively. With a versatile layout and an average condition throughout, this residence is poised for modernization and value addition in a mixed housing suburban zone.
Educationally, the property falls within the sought-after school zones of Favona School, a contributing school with a decile rating of 2, and the Southern Cross Campus for years 7-8, a composite school with a decile rating of 1. This promises a wealth of educational opportunities for families. Located in a quiet cul-de-sac, it offers easy access to local amenities and transport links, making it an ideal investment in a prime location.
Embrace the potential of this property and secure a promising future in the Mangere area. With a layout perfect for modern living and ample space for outdoor entertainment or expansion, it's a chance to create the home you've always envisioned.
Updated on May 02, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $920,000 | -8.7% | 17 |
2022 | $1,007,500 | 0.9% | 16 |
2021 | $998,750 | 19.8% | 24 |
2020 | $834,000 | 9.7% | 19 |
2019 | $760,000 | 0.6% | 15 |
2018 | $755,250 | 2.8% | 26 |
2017 | $735,000 | 6.5% | 29 |
2016 | $690,000 | 19% | 27 |
2015 | $580,000 | 9.4% | 61 |
2014 | $530,000 | - | 27 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.88 km | 3 | 1 | 90m2 | Year 2024 Month 05 Day 01 | $717,000 | Council approved | |
 | 0.18 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 01 | - | Council approved | |
0.33 km | 6 | 3 | 104m2 | Year 2024 Month 02 Day 29 | $3,450,000 | Council approved | ||
0.12 km | 228m2 | Year 2024 Month 02 Day 08 | $1,675,000 | Council approved | ||||
 | 0.75 km | 3 | 2 | 92m2 | Year 2024 Month 01 Day 12 | $870,000 | Council approved |