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15 Peara Lane, Karaka, Auckland - Papakura, 4 Bedrooms, 0 Bathrooms, House

Sold: $835,000

Sold on 2024 Year 2024 Month 09 Day 01

15 Peara Lane, Karaka, Auckland - Papakura

4
137m2
178m2

Nestled in the serene Peara Lane of Karaka, Auckland, this 4-bedroom, freehold property is a shining example of modern living. Constructed with robust fibrous cement walls and iron roofing, the double-level duplex is spread across a level 178 sqm section with a floor area of 137 sqm. The well-maintained walls and roof are in good condition, ensuring a sturdy and comfortable abode. This residence is not just a home but an investment, with the capital value increasing to $840,000 as of June 2021, reflecting a significant growth percentage.

History shows a promising trend with the government valuation on the rise, and the HouGarden AVM estimating the property at $805,000. Recent sales in the area further validate the increasing capital value. This property is not just about numbers; it's about the lifestyle it offers, being located in a quiet cul-de-sac, which adds to the appeal and investment potential.

For families with school-aged children, the property falls within the zones of Rosehill College, a secondary school with a decile rating of 5, and Ngakoroa School, a full primary school. These educational institutions are a testament to the quality of the local school network. This property is not just a house, it's a foundation for a bright future.

Updated on October 21, 2024

Council Data

Last update : 2025 02 19
Improvement value$510,000
Land value$330,000
CV(Year 2021 Month 06)$840,000
DeckYes
View typeNo appreciable view
ContourLevel
Land area178m²
Floor area137m²
Decade of construction2024
Title1079525
Type of titleFreehold
Legal descriptionLOT 100 DP 577872, LOT 3 DP 580115
CouncilAuckland - Papakura
Estate descriptionFSIM,1/1,LOT 3 DEPOSITED PLAN 580115,178m2
Council rates$1,150.21
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Terrace Housing and Apartment Building Zone

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Ngākōroa School
0.42 km
Primary
1-8
Government
Co-Educational
-
-
Rosehill College
2.89 km
Secondary
9-15
Government
Co-Educational
EQI: 468
5

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:178m²
Title:Freehold

Surrounding facilities

Peara Lane Neighborhood and Surrounding Data

Suburbs

Data analysis - Karaka properties data
Karaka property trend
Year
Median price
Growth
Sales count
2024
$1,267,500
-6.8%
88
2023
$1,360,000
-15.1%
45
2022
$1,602,500
15.3%
54
2021
$1,390,000
26.4%
107
2020
$1,100,000
-
121
2019
$1,100,000
-1.8%
65
2018
$1,120,000
7.4%
85
2017
$1,043,142
4.1%
114
2016
$1,002,500
13.3%
148
2015
$885,000
18%
149
2014
$750,000
-
120

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
2 Faithful Drive, Drury
0.12 km
4
3
-m2
Year 2024 Month 11 Day 01
$820,000
Council approved
5 Peara Lane, Drury
0.03 km
4
3
-m2
Year 2024 Month 10 Day 01
$828,000
Council approved
Lots 33-45 160 Bremner Road, Drury
0.15 km
0
0
-m2
Year 2024 Month 10 Day 01
$2,240,802
Council approved
7 Peara Lane, Drury
0.02 km
4
3
-m2
Year 2024 Month 09 Day 01
$820,000
Council approved
4 Faithful Drive, Drury
0.11 km
4
3
134m2
Year 2024 Month 09 Day 01
$770,000
Council approved

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