Nestled in the serene Oira Road of Karaka, Auckland, this freehold property is a gem in the sought-after Drury area. Constructed in 1980 with a robust fibrous cement exterior and a reliable tile roof, the home boasts 5 spacious bedrooms, 200 square meters of floor area, and is set on a vast 7233 square meter section. The property has seen a significant Capital Value increase of 13.24% from $1,700,000 in 2017 to $1,925,000 as of June 2021. The latest HouGarden AVM estimates the property's worth at $1,790,000, while the last recorded sales were $730,000 in 2005 and $825,000 in the same year, indicating the property's consistent growth potential.
For families with school-aged children, the property falls within the zones of the highly rated Karaka School, a Full Primary with a decile rating of 9, and Rosehill College, a Secondary School catering to Years 9-15 with a decile rating of 5. This provides an assurance of quality education in a family-friendly neighborhood.
With its prime location, just a short drive from the upcoming Drury New Train Station and proposed shopping mall, and within walking distance of future local amenities, this property offers an attractive package for both lifestyle enthusiasts and savvy investors. The Auckland Unitary Plan's future residential zoning further enhances the property's development potential. Whether you seek tranquility or investment returns, this property promises endless possibilities.
Updated on May 31, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 4 | 3 | 138m2 | Year 2024 Month 04 Day 03 | $880,000 | Council approved | |
 | 1.01 km | 5 | 1 | 0m2 | Year 2024 Month 03 Day 12 | $1,502,000 | Council approved | |
 | 0.15 km | 4 | 3 | 138m2 | Year 2024 Month 03 Day 06 | $875,000 | Council approved | |
 | 0.72 km | 4 | 2 | 210m2 | Year 2024 Month 03 Day 05 | $2,380,000 | Council approved | |
 | 0.15 km | 3 | 1 | 84m2 | Year 2024 Month 02 Day 23 | $750,000 | Council approved |