Nestled in the serene Mangere East, Auckland, on Garus Avenue, this 1973-built, freehold property boasts 4 bedrooms, 1 bathroom, and a single car park. Constructed with concrete walls and tiled roof, the dwelling sits on a 632m2 section with an easy/moderate rise contour. The interior spans a comfortable 97m2 floor area, complemented by a removable 2-bedroom cabin with its own bath and kitchen. Notably, the property's CV has seen a remarkable increase of 62.7% from $630,000 in 2017 to $1,025,000 as of June 2021. HouGarden's AVM estimates the property's value at $1,000,000, aligning closely with the government's valuation.
Historically, the property sold for $160,000 in 2005 and $143,000 in 2001, showcasing a steady growth trajectory. With potential rental income reaching $40,000 per annum, this property presents a golden opportunity for investors. It falls within the Mixed Housing Urban Zone and is conveniently located near schools, public transport, and shops, with easy access to motorways, Middlemore Hospital, and the airport.
For families with school-aged children, the Southern Cross Campus, a composite school with a decile rating of 1, is in the immediate school zone. This property not only offers a peaceful living environment in a quiet cul-de-sac but also holds subdivision and development potential, subject to council approval.
Updated on August 01, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 3 | 1 | 101m2 | Year 2024 Month 09 Day 26 | $800,000 | Council approved | |
 | 0.22 km | 4 | 106m2 | Year 2024 Month 08 Day 07 | $1,075,000 | Council approved | ||
 | 0.18 km | 4 | 2 | -m2 | Year 2024 Month 08 Day 01 | $950,000 | Council approved | |
 | 0.25 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 01 | - | Council approved | |
 | 0.17 km | 4 | 3 | 195m2 | Year 2024 Month 07 Day 26 | - | Council approved |