Nestled on a generous 936m² of freehold land at 46 Harania Avenue, Favona, Auckland, this 1970-built residence with wood exterior walls and tiled roofing offers a promising investment opportunity. The 94m² floor area is home to 3 bedrooms, 1 bathroom, and 2 car parks, featuring an average wall and roof condition. This property, perfect for developers and homebuyers with a vision, has seen a significant jump in its Capital Value (CV) from $630,000 in 2017 to $1,250,000 as of June 2021, marking a 98.42% increase.
With a HouGarden AVM of $1,200,000 and a latest sale history of $302,500 in 2007, this property is strategically positioned in a family-friendly cul-de-sac, zoned for mixed housing suburban. It's less than 5 minutes from Favona School (Decile 2) and Southern Cross Campus (Yrs 7-8, Decile 1), making it an ideal choice for families with educational priorities.
Located in a prime location with easy access to the South Western on-ramp, Auckland Airport, and the CBD, this property is not just a home but a smart investment. It's a golden opportunity for those looking to unlock potential through subdivision or development, subject to council approval. Don't miss the chance to transform this expansive property into a lucrative venture!
Updated on October 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 3 | 1 | 94m2 | Year 2024 Month 09 Day 28 | - | Council approved | |
 | 0.33 km | 3 | 1 | 90m2 | Year 2024 Month 08 Day 18 | - | Council approved | |
 | 0.33 km | 4 | 1 | -m2 | Year 2024 Month 08 Day 01 | $945,000 | Council approved | |
 | 0.33 km | 4 | 3 | -m2 | Year 2024 Month 08 Day 01 | $835,000 | Council approved | |
 | 0.23 km | 4 | 2 | 160m2 | Year 2024 Month 07 Day 29 | - | Council approved |