Nestled on a quarter-acre plot at 675 Karaka Road, this freehold property in Karaka, Auckland - Papakura, is a charming residential dwelling built in 1950. The three-bedroom, one-bathroom home features wood exterior walls and an iron roof, both in average condition. With a floor area of 84 square meters and a level contour, the property offers a spacious yard and a double free-standing garage at the rear. The property's capital value has seen a significant increase from $580,000 in 2017 to $780,000 as of June 2021, reflecting a growth rate of 34.48%.
As per the latest valuation, the HouGarden AVM estimates the property at $775,000, while the last sale was recorded in 1994 at $72,000. This hot spot in the real estate market is further enhanced by its proximity to the developing Paerata Rise, which boasts modern homes, outdoor spaces, and a soon-to-be-completed train station. The area is witnessing major growth with projects like Stevensons Drury South and a proposed supermarket nearby.
For families with children, the property falls within the zones of Paerata School, a full primary with a decile rating of 1, and Pukekohe High School, a secondary school with a decile rating of 6. This combination of location, growth potential, and educational opportunities makes this property an attractive and strategic investment.
Updated on November 08, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.74 km | 3 | 2 | 171m2 | Year 2024 Month 12 Day 03 | $1,055,000 | Council approved | |
 | 1.89 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 17 | $815,000 | Council approved | |
 | 1.83 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 20 | $1,265,000 | Council approved | |
 | 1.98 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 01 | $1,100,000 | Council approved | |
 | 1.93 km | 3 | 2 | -m2 | Year 2024 Month 07 Day 15 | $995,000 | Council approved |