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9 Francesco Drive, Karaka, Auckland

Price by Negotiation

9 Francesco Drive, Karaka, Auckland

4

2

3

270m²

1375m²

HouseListed on Tue Jul 2

Karaka 4 Bedroom Prime Development Opportunity, Karaka Harborside!

Discover the perfect opportunity in the sought-after Karaka Harbourside! This expansive 1,375 sqm section is a rare find in this prestigious location, offering endless potential for developers or investors.

The property features a spacious 270 sqm four-bedroom Lockwood home, complete with garaging. Ideal for holding income, you can rent out the existing home while planning your redevelopment project to maximize the property's potential.

Key Features:

• Prime location in Karaka Harbourside

• Generous land area of 1,375 sqm

• Mixed-housing suburban zoning, ideal for development

• Existing four-bedroom plus study Lockwood home for rental income

• CV $2.1m, with the sale price set significantly lower for a quick sale

This is a unique chance to secure a sizeable section in a highly desirable area. The vendor is motivated to sell and has priced this property well below its CV of $2.1m. Don't miss out on this exceptional development opportunity-properties of this size and zoning are rarely available in Karaka Harbourside.

Contact us today to arrange a viewing and explore the immense potential this property has to offer. Act quickly, as this property won't last long on the market!

All serious offers are to be considered!

AGENTS - CONJUNCTIONAL WELCOME FROM DAY ONE

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or City South Investments 2019 Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Location

Council Data

Last update : 2024 07 03

Improvement value$600,000Increased by 50% from year 2017

Land value$1,500,000Increased by 57% from year 2017

CV(Year 2021 Month 06)$2,100,000Increased by 55% from year 2017

DeckYes

View typeFocal Point Of view - Other

ContourLevel

Land area1375m²

Floor area270m²

Decade of construction1990

Title833572

Type of titleFreehold

Legal descriptionLOT 26 DP 507394, LOT 31 DP 117750

CouncilAuckland - Papakura

Estate descriptionFSIM,1/1,LOT 26 DEPOSITED PLAN 507394,1375m2

Council rates$4,714.92 2023/2024

ConditionExternal Walls: Good Roof: Good

ZoningResidential - Mixed Housing Suburban Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Hingaia Peninsula School	0.99 km	Primary	1-8	Government	Co-Educational	EQI: 380	10	Detail
Rosehill College	1.94 km	Secondary	9-15	Government	Co-Educational	EQI: 468	5	Detail
Rosehill Intermediate	1.97 km	Secondary	7-8	Government	Co-Educational	EQI: 478	3	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone

Land:1375m²

Title:Freehold

Zoning

Underground

Contour

State houses

Flood zone

Suburbs

Data analysis - Karaka properties data

Sales count(Last 12 months)

59View

Type: Freehold

Sales median price(Last 12 months)

$1,310,000

Low: $822,000, High: $4,000,000

Rent median price(Last 12 months)

$850

Low: $740, High: $1,650

Karaka property trend

Year	Median price	Growth	Sales count
2024	$1,300,000	-4.1%	35
2023	$1,355,000	-15.4%	43
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
348 Harbourside Drive	0.41 km	4	2	-m²	Year 2024 Month 05 Day 29	$1,500,000	Council approved
20 Castellina Drive	0.34 km	4	2	-m²	Year 2024 Month 05 Day 22	$1,400,000	Council approved
30 Castellina Drive	0.17 km	4	2	-m²	Year 2024 Month 04 Day 01	$1,410,000	Council approved
32 Castellina Drive	0.18 km	3	2	-m²	Year 2024 Month 03 Day 11	$1,260,000	Council approved
3 Giarni Place	0.35 km	3	2	-m²	Year 2024 Month 02 Day 19	$1,487,500	Council approved