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5 Rishi Way, Favona, Auckland - Manukau, 4 Bedrooms, 0 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 07 Day 26

5 Rishi Way, Favona, Auckland - Manukau

4
195m2
348m2

Nestled at 5 Rishi Way, Favona, Auckland, this freehold property is a charming residential dwelling, built in 2017 with mixed materials for the walls and tiles for the roof. It boasts 4 bedrooms, 2 carparks, and a spacious floor area of 195 square meters on a levelled land of 348 square meters. The property has seen a significant increase in Capital Value (CV), rising from $885,000 in 2017 to the current $1,025,000 as of June 2021, indicating a growth of 15.82%. The latest sale was recorded in 2016 for $890,000. HouGarden AVM estimates the property's value at $1,030,000, making it an attractive prospect for investors and homeowners alike.

For families with school-going children, the property falls within the decile 2 Favona School zone and the decile 1 Southern Cross Campus for years 7-8. The well-maintained home features a perfect layout with one bedroom downstairs and three upstairs, exuding a balance of style, elegance, and practicality. It's an opportunity not to be missed, especially with the vendor being highly motivated and having already secured another property.

Located in a sought-after suburb known for its community spirit and convenient location, this corner house is within walking distance to local schools and amenities. The open-plan living area, complemented by excellent indoor/outdoor flow and heat pumps for cozy winters, leads to a fully-fenced backyard - an entertainer's delight. With a well-appointed master bedroom and additional three double bedrooms, this home is ready for a family to move in and enjoy the benefits of living in a beautifully crafted space.

Updated on September 19, 2024

Council Data

Last update : 2025 01 15
Improvement value$475,000Increased by 14% from year 2017
Land value$550,000Increased by 17% from year 2017
CV(Year 2021 Month 06)$1,025,000Increased by 15% from year 2017
View typeNo appreciable view
ContourLevel
Land area348m²
Floor area195m²
Decade of construction2017
Title763929
Type of titleFreehold
Legal descriptionLOT 64 DP 504239
CouncilAuckland - Manukau
Estate descriptionFSIM,1/1,LOT 64 DEPOSITED PLAN 504239,348m2
Council rates$2,879.33
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Favona School
0.54 km
Primary
1-6
Government
Co-Educational
EQI: 497
2
Southern Cross Campus
0.95 km
Combined
1-13
Government
Co-Educational
EQI: 518
1

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:348m²
Title:Freehold

Surrounding facilities

Rishi Way Neighborhood and Surrounding Data

Suburbs

Data analysis - Favona properties data
Favona property trend
Year
Median price
Growth
Sales count
2024
$929,000
1%
17
2023
$920,000
-8.7%
17
2022
$1,007,500
0.9%
16
2021
$998,750
20%
24
2020
$832,000
9.1%
20
2019
$762,500
1%
16
2018
$755,250
3.5%
26
2017
$730,000
5.8%
31
2016
$690,000
20.1%
27
2015
$574,500
10.9%
67
2014
$518,000
-
31

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
80 Cottingham Crescent, Mangere East
0.20 km
4
2
170m2
Year 2024 Month 12 Day 18
$805,000
Council approved
1 Karetai Crescent, Favona
0.09 km
3
156m2
Year 2024 Month 12 Day 09
$960,000
Council approved
52 Garus Avenue, Mangere East
0.17 km
4
1
100m2
Year 2024 Month 10 Day 26
$820,000
Council approved
4 Rupu Way, Favona
0.14 km
4
2
-m2
Year 2024 Month 08 Day 01
$950,000
Council approved
15 Lenore Road, Favona
0.24 km
4
2
160m2
Year 2024 Month 07 Day 29
-
Council approved

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