Nestled in the tranquility of a quiet cul-de-sac at 14 Cheviot Street, Mangere East, Auckland, this 1963-built residential property offers a promising investment opportunity. It boasts 3 comfortable bedrooms, 1 bathroom, and a floor area of 100 square meters, all on a spacious freehold site of 690 square meters. The exterior walls, made of fibrous cement, and the tiled roof are both in average condition, while the property's contour is level. It includes a double carpark and a free-standing garage, making it an ideal choice for those seeking a renovation project or land with development potential.
With a government capital value (CV) of $1,125,000 as of June 2021, this property has shown a 50% increase since July 2017. The HouGarden AVM estimates the property's value at $1,047,500, while the latest sales history includes transactions in 2014 and 2003. This rapid CV growth highlights the property's investment potential in a rapidly appreciating market.
For families, the property falls within the zones of Kingsford School (Decile 1), Kedgley Intermediate (Decile 2), and Aorere College (Year 9-15, Decile 2), ensuring access to quality education. This combination of location, potential for value addition, and a favorable school network makes this property a must-consider opportunity.
Updated on May 03, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $837,750 | -8.1% | 50 |
2022 | $911,350 | -11.7% | 42 |
2021 | $1,032,500 | 34.5% | 138 |
2020 | $767,500 | 19.9% | 114 |
2019 | $640,000 | -7% | 130 |
2018 | $688,500 | 5.6% | 120 |
2017 | $652,000 | -0.2% | 73 |
2016 | $653,000 | 15.3% | 131 |
2015 | $566,500 | 26.5% | 140 |
2014 | $448,000 | - | 136 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 3 | 1 | -m2 | 2024年03月12日 | $895,000 | Council approved | |
 | 0.11 km | 4 | 2 | 125m2 | 2024年01月31日 | $886,000 | Council approved | |
 | 0.34 km | 5 | 2 | 100m2 | 2023年12月15日 | $1,115,000 | Council approved | |
0.46 km | 3 | 1 | 91m2 | 2023年11月18日 | $780,000 | Council approved | ||
 | 0.29 km | 3 | 1 | 95m2 | 2023年11月15日 | $895,000 | Council approved |