Nestled at the junction of Mangere Bridge, Favona, and Mangere, this prime property on 22 Walmsley Road boasts a generous 883 sqm of flat, corner land with a Freehold title. Constructed in 1954, the property features concrete walls and tiled roofing in average condition, and includes 2 bedrooms and 2 carparks, with a floor area of 113 sqm. The site is zoned for Mixed Housing URBAN, offering potential for subdivision or development (subject to council consent), and is a prime candidate for capital growth, given its 89.29% CV increase from $700,000 in 2017 to the current $1,325,000 as of June 2021.
With a HouGarden AVM valuation of $1,332,500, the property's latest sale history includes transactions in 2004 for $280,000 and in 1988 for $98,000, indicating a consistent and impressive appreciation in value. This property is not just an investment opportunity; it's a strategic choice in a sought-after location with easy access to amenities, major routes, and an esteemed educational network.
Educationally, the property falls within the decile 1 zone, serving the following schools: Mountain View School (Contributing), Koru School (Full Primary), Viscount School (Full Primary), Mangere College (Secondary), and Sir Douglas Bader Intermediate. This combination of location, potential, and educational opportunities makes it an unparalleled choice for families and investors alike.
Updated on October 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 4 | 1 | -m2 | Year 2024 Month 11 Day 29 | - | Council approved | |
 | 0.31 km | 4 | 2 | 280m2 | Year 2024 Month 11 Day 10 | $1,050,000 | Council approved | |
 | 0.30 km | 2 | 1 | 66m2 | Year 2024 Month 09 Day 18 | $570,000 | Council approved | |
 | 0.44 km | 8 | 2 | 185m2 | Year 2024 Month 09 Day 05 | - | Council approved | |
 | 0.28 km | 3 | 1 | 97m2 | Year 2024 Month 08 Day 05 | $1,090,000 | Council approved |