Nestled in the heart of Mangere, this residential property on 48 Convair Crescent is a freehold gem with immense potential. Constructed in 1966 with wood exterior walls and tiled roofing, the house boasts 3 bedrooms, 1 bathroom, and 2 car parks. It spans an area of 95 square meters with a level contour and a spacious land area of 862 square meters. The property has a good wall and roof condition, making it an attractive investment for developers and investors. Furthermore, it's zoned for mixed housing suburban development, with RC, BC, and EPA approvals for 4 lots, highlighting its development potential.
As for financials, the property's capital value has seen a significant increase from $660,000 in July 2017 to $1,200,000 as of June 2021, indicating an impressive growth rate of 81.82%. The HouGarden AVM estimates the property's value at $1,117,500, while the latest sales records from May and March 2024 show transactions at $1,050,000 each. These figures are a testament to the property's escalating market value.
When it comes to education, the property falls within a highly regarded school zone. It is close to Viscount School (a full primary with a decile rating of 1), Mangere College (a secondary school for years 9-15, also with a decile rating of 1), and Sir Douglas Bader Intermediate (an intermediate school with a decile rating of 1). These institutions offer quality education and are a significant draw for families.
Updated on June 19, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 4 | 1 | 100m2 | Year 2024 Month 12 Day 13 | - | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 23 | $821,000 | Council approved | |
 | 0.33 km | 4 | 1 | 134m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.21 km | 2 | 1 | -m2 | Year 2024 Month 07 Day 22 | - | Council approved | |
 | 0.33 km | 4 | 1 | 104m2 | Year 2024 Month 06 Day 27 | - | Council approved |