Nestled in the serene environment of a quiet cul-de-sac, this beautifully renovated, 5-bedroom property with a brick exterior and tiled roof is a gem in the Mangere Bridge, Auckland real estate market. The cross-lease property, built in 1994, boasts a floor area of 148m2 and comes with 2 car parks. The capital value has seen a significant increase of 40%, from $1,125,000 in 2017 to the current $1,575,000 as of June 2021. The property is currently tenanted, adding to its appeal as a sound investment. The roof and walls are in good condition, reflecting the property's well-maintained status.
With a HouGarden AVM of $1,465,000, the property's latest sale history includes transactions for $850,000 in December 2020 and $700,000 in February 2015. These figures underscore the consistent growth in value. This is further enhanced by the property's strategic location within a desirable school zone, which includes Mangere Bridge School (Decile 3), Mangere College (Decile 1), Royal Oak Intermediate School (Decile 2), and Onehunga High School (Decile 3).
For families with educational priorities, this property is an excellent choice. It not only offers convenience and community, but also the promise of a quality education for children of all ages. The combination of a strong CV growth rate, a thriving rental market, and a sought-after school network makes this property an irresistible opportunity for both investors and families.
Updated on July 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 5 | 4 | 300m2 | Year 2024 Month 12 Day 07 | $2,300,000 | Council approved | |
 | 0.30 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 21 | - | Council approved | |
 | 0.21 km | 3 | 2 | 190m2 | Year 2024 Month 10 Day 16 | - | Council approved | |
 | 0.12 km | 6 | 270m2 | Year 2024 Month 07 Day 09 | $1,530,000 | Council approved | ||
 | 0.12 km | 3 | 1 | 120m2 | Year 2024 Month 07 Day 01 | - | Council approved |