Living area
Kitchen
Beds
The owner has no Plan B, this must sell at auction! Unlock the potential of property investment with this fantastic opportunity! Presenting a solid three-bedroom weatherboard home nestled on 746m2 of freehold land, this property is already generating income with tenants in place. Plus, being zoned as mixed housing suburban under the unitary plan, the possibilities for future development are truly limitless.
This residence offers three bedrooms, a well-appointed bathroom, and the added convenience of a separate laundry and separate garage. The spacious living areas provide a comfortable retreat for tenants, ensuring a desirable living experience.
With wastewater onsite and stormwater conveniently nearby, this property is primed for future development. A concept plan is already in place to potentially subdivide into 6 lots, subject to council consent, offering additional avenues for expansion and increased rental yield.
Situated close to Raglan Street shops, schools, and with easy motorway access, this investment property offers both convenience and potential for capital growth.
Don't miss out on this opportunity to secure a tenanted investment property in a prime location, as it will be sold under the hammer. Contact us today to seize this chance to grow your portfolio and secure long-term financial success!
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Kedgley Intermediate | 0.28 km | Secondary | 7-8 | Government | Co-Educational | EQI: 496 | 2 | |
Kingsford School | 0.44 km | Primary | 1-6 | Government | Co-Educational | EQI: 506 | 1 | |
Papatoetoe North School | 0.56 km | Primary | 1-6 | Government | Co-Educational | EQI: 468 | 2 | |
Aorere College | 0.69 km | Secondary | 9-15 | Government | Co-Educational | EQI: 500 | 2 |
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 | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 3 | 1 | 100m2 | Year 2024 Month 05 Day 09 | $1,282,000 | Council approved | |
 | 0.39 km | 3 | 1 | 100m2 | Year 2024 Month 05 Day 02 | - | Council approved | |
 | 0.13 km | 3 | 1 | -m2 | Year 2024 Month 03 Day 12 | $895,000 | Council approved | |
 | 0.21 km | 3 | 1 | -m2 | Year 2024 Month 02 Day 21 | $1,225,000 | Council approved | |
 | 0.39 km | 4 | 1 | 170m2 | Year 2023 Month 11 Day 22 | $1,170,000 | Council approved |