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12 Magnetite Lane, Flat Bush, Auckland - Manukau, 2 Bedrooms, 1 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 09 Day 16

12 Magnetite Lane, Flat Bush, Auckland - Manukau

2
1
85m2
92m2

Nestled in the serene cul-de-sac of Magnetite Lane, this 85-square-meter townhouse boasts a freehold title and a well-maintained mixed-material exterior. Constructed in 2021 with an iron roof, it offers 2 bedrooms, 1 bathroom, and a carpark. The property has experienced no change in its Capital Value since 2017, holding steady at $670,000. The latest sale in April 2021 was at $637,500, while the HouGarden AVM estimates it at $675,000. This home is perfect for those seeking a peaceful, low-maintenance lifestyle, with the added benefit of no body corporate fees.

Since 2017, the CV has remained unchanged, reflecting a 0.0% increase. However, the property's appeal is not solely based on its financials. It's the combination of a Master Build warranty, double-glazed windows, and a prime location that adds to its allure. The government-estimated value coupled with the HouGarden AVM suggests a promising investment opportunity in the Flat Bush area.

For families with school-aged children, this property falls within the decile 7 zone, serving the esteemed Ormiston Primary, Junior, and Senior Colleges, as well as Sancta Maria College. These schools offer a comprehensive education from Year 7 to Year 15, ensuring a bright future for your children.

Updated on September 16, 2024

Council Data

Last update : 2025 01 22
Improvement value$160,000Reduced by -21% from year 2017
Land value$510,000Increased by 9% from year 2017
CV(Year 2021 Month 06)$670,000Reduced by 0% from year 2017
View typeNo appreciable view
ContourLevel
Land area92m²
Floor area85m²
Decade of construction2021
Title873082
Type of titleFreehold
Legal descriptionLOT 402 DP 532614, LOT 90 DP 532614
CouncilAuckland - Manukau
Estate descriptionFSIM,1/1,LOT 90 DEPOSITED PLAN 532614,92m2
Council rates$2,173.40
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Ormiston Senior College
0.61 km
Secondary
11-15
Government
Co-Educational
EQI: 444
7
Ormiston Junior College
0.72 km
Secondary
7-10
Government
Co-Educational
EQI: 429
7
Ormiston Primary School
0.77 km
Primary
1-6
Government
Co-Educational
EQI: 384
7
Sancta Maria College
1.67 km
Secondary
7-15
Government
Co-Educational
EQI: 390
7

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:92m²
Title:Freehold

Surrounding facilities

Magnetite Lane Neighborhood and Surrounding Data

Suburbs

Data analysis - Flat Bush properties data
Sales count(Last 12 months)
27View
Type: Freehold
Sales median price(Last 12 months)
$700,000
Low: $625,000, High: $1,003,000
Rent median price(Last 12 months)
$605
Low: $360, High: $710
Flat Bush property trend
Year
Median price
Growth
Sales count
2024
$697,500
-3.8%
28
2023
$725,000
-9.4%
25
2022
$800,000
-3%
39
2021
$825,000
14.7%
35
2020
$719,000
-25.5%
21
2019
$965,000
22.7%
10
2018
$786,760
2.2%
26
2017
$769,990
15.2%
6
2016
$668,586
-6.2%
12
2015
$712,500
-11%
33
2014
$800,750
-
44

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
42 Brookview Drive, Flat Bush
0.04 km
3
1
133m2
Year 2025 Month 01 Day 20
-
Council approved
16 Whimbrel Road, Flat Bush
0.14 km
2
1
0m2
Year 2024 Month 11 Day 01
-
Council approved
10 Magnetite Lane, Flat Bush
0.01 km
2
1
-m2
Year 2024 Month 09 Day 01
$716,000
Council approved
36 Brookview Drive, Flat Bush
0.07 km
4
3
0m2
Year 2024 Month 09 Day 01
$1,180,000
Council approved
23 Brookview Drive, Flat Bush
0.08 km
4
2
-m2
Year 2024 Month 08 Day 21
-
Council approved

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