78 Raglan Street, Mangere East, Auckland - Manukau

Nestled on a serene freehold corner site of 688 sqm in the heart of Mangere East, Auckland, this residential property with a 'Residential - Vacant land multiple housing' category is a gem for investors. Constructed in 1979 with iron roofing and wood walls in good condition, the property includes 3 bedrooms, 1 bathroom, and a single carpark. The capital value has seen a remarkable increase from $630,000 in 2017 to $1,175,000 in 2021, showcasing a growth rate of 86.5%. The property, located at 78 Raglan Street, is in a prime location, not just for its CV but also for its school zones, including Kingsford School, Kedgley Intermediate, and Aorere College, with respective deciles of 1, 2, and 2. The HouGarden AVM estimates the property at $1,125,000, while the latest sales were recorded at $399,000 in 2014 and $337,000 in 2007. This property is not just a home but a potential investment opportunity waiting to be realized.

With a floor area of 85 sqm and ample space for parking, including larger vehicles, this property is perfect for those looking for a convenient lifestyle. The site is level, and with existing stormwater and wastewater services, it's a developer's dream, ready to be transformed into a vision (subject to council approval). The location is a walker's paradise, close to schools, shops, and parks, with easy access to motorways and the airport.

Don't miss the chance to secure this property in a sought-after school zone, where the value is not just in the numbers but in the lifestyle and potential it offers.

Updated on October 24, 2024