Positioned in the serene Tilberg Street cul-de-sac, this freehold property is a charming residential dwelling, built in 2006 with enduring brick walls and tiled roofing. It boasts 3 spacious bedrooms, a floor area of 115 square meters, and a generous land area of 279 square meters, complete with a carpark. The well-maintained structure is complemented by a heat pump for climate control and an open plan living space that extends to a cozy patio. Notably, the property has seen a significant Capital Value increase of 37.93% from $580,000 in 2017 to the current $800,000 as per the latest government valuation. HouGarden AVM estimates the property's worth at $780,000, while the last sale was recorded in 2005 for $295,000.
For families with educational considerations, the 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. This is an ideal setup for those valuing a consistent educational pathway.
Investors and first-time buyers should pay close attention to this opportunity. After nearly two decades of successful tenancy, the owners are offering a low-maintenance home with potential for further enhancements. The secure, fully fenced section and the nearby community green area with a playground add to the appeal of this property in the desirable Favona neighborhood.
Updated on August 26, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.19 km | 2 | 1 | 76m2 | Year 2024 Month 11 Day 04 | $579,000 | Council approved | ||
0.19 km | 2 | 1 | 76m2 | Year 2024 Month 09 Day 19 | $585,000 | Council approved | ||
 | 0.17 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | $800,000 | Council approved | |
 | 0.14 km | 3 | 2 | 146m2 | Year 2024 Month 08 Day 30 | - | Council approved | |
 | 0.17 km | 4 | 3 | -m2 | Year 2024 Month 07 Day 01 | - | Council approved |