Nestled in a serene environment at 239 Hingaia Road, Karaka, Auckland - Papakura, this residential bare block boasts a freehold title on a 7.5-hectare site. The property, built in 1940, features 3 bedrooms and a spacious floor area of 110 square meters. Constructed with wood walls and an iron roof, both in fair condition, it offers a level contour and a prime location close to major hubs like Manukau City and Papakura. The capital value has seen a growth of 6.55% from $25,585,000 in 2017 to $27,260,000 as of June 2021, with a HouGarden AVM estimate of $26,587,500. The latest sale history includes a transaction of $24,800,000 in March 2024 and $13,000,000 in June 2012.
With a promising government valuation and a significant increase in capital value, this property presents a lucrative opportunity for developers or as a land bank investment. It's zoned for various residential and business uses, with a resource consent in place for a 2-staged subdivision to create 124 residential lots and three super lots. Its proximity to SH1, just 1.4km away, provides easy access to Karaka, Drury, and beyond.
For families, the property falls within the highly sought-after school zones of Hingaia Primary School (Decile 10), Rosehill Intermediate (Decile 3), and Rosehill College (Decile 5), ensuring top-notch education for all ages.
Updated on August 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.51 km | 2 | 1 | 0m2 | Year 2024 Month 12 Day 01 | - | Council approved | |
 | 0.31 km | 4 | 3 | -m2 | Year 2024 Month 11 Day 15 | - | Council approved | |
 | 0.42 km | 5 | 3 | -m2 | Year 2024 Month 11 Day 01 | $1,640,000 | Council approved | |
 | 0.32 km | 4 | 3 | 179m2 | Year 2024 Month 10 Day 22 | $965,000 | Council approved | |
 | 0.41 km | 4 | 2 | 165m2 | Year 2024 Month 09 Day 27 | - | Council approved |