Nestled at 8 Orrell Place, Mangere, Auckland, this residential dwelling is a gem for the discerning investor. The property boasts 4 bedrooms, 2 carparks, and a floor area of 155 square meters on a levelled land area of 548 square meters. Constructed in 2005 with brick walls and tiled roof, both in good condition, it is a leasehold property that has seen a significant increase in its capital value. From $710,000 in July 2017 to $850,000 as of June 2021, the CV has risen by nearly 20%, indicating a sound investment opportunity.
With a HouGarden AVM of $815,000 and a latest sale history that includes a sale in 2021 for $905,000 and another in 2024 for $780,000, the property presents a compelling case for potential returns. The consistent rental income of $840 per week from a Housing New Zealand lease until 2028, with built-in annual rental increases, ensures a steady cash flow for the investor.
For families, the property falls within the zone of several schools, including Mangere College and Sir Douglas Bader Intermediate, both with a decile rating of 1, and Jean Batten School and Aorere College, with decile ratings of 1 and 2 respectively. This adds to the property's appeal, making it not just an investment but a home in a thriving educational community.
Updated on April 24, 2024
Name | Distance | 类型 | Year | 属性 | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Jean Batten School | 0.48 km | Primary | 1-6 | Government | Co-Educational | EQI: 495 | 1 | |
Aorere College | 1.67 km | Secondary | 9-15 | Government | Co-Educational | EQI: 500 | 2 | |
Sir Douglas Bader Intermediate School | 1.69 km | Secondary | 7-8 | Government | Co-Educational | EQI: 522 | 1 | |
Mangere College | 2.91 km | Secondary | 9-15 | Government | Co-Educational | EQI: 525 | 1 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2021 | $907,500 | 15.6% | 4 |
2020 | $785,000 | 16.3% | 3 |
2019 | $675,000 | -4.6% | 2 |
2018 | $707,500 | 10.4% | 2 |
2017 | $641,000 | -0.6% | 5 |
2016 | $645,000 | 13.7% | 5 |
2015 | $567,500 | 26.4% | 4 |
2014 | $449,000 | - | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 3 | 1 | -m2 | 2024年05月01日 | $976,500 | Council approved | |
 | 0.03 km | 3 | 2 | 146m2 | 2024年04月15日 | $872,000 | Council approved | |
 | 0.09 km | 3 | 1 | 0m2 | 2024年04月10日 | $845,000 | Council approved | |
 | 0.39 km | 3 | 1 | 180m2 | 2024年03月20日 | $975,000 | Council approved | |
 | 0.08 km | 4 | 2 | 158m2 | 2024年02月06日 | $1,015,000 | Council approved |