Nestled in a serene cul-de-sac at 1 Gibbons Road, Manurewa, Auckland, this freehold property boasts a capital value that has seen a growth of 47.27% from $550,000 in July 2017 to $810,000 as of June 2021. Constructed in 1975 with fibrous cement walls and tiled roofing, the dwelling maintains an average condition both inside and out. It offers 3 bedrooms, 1 bathroom, and a double carpark, spread across a floor area of 94 square meters on a spacious 604 square meter plot. The property is not only Healthy Homes compliant but also presents a versatile opportunity for investors, developers, or first-time buyers, with its Mixed Housing Suburban zoning for future development potential.
Valuations are promising, with the HouGarden AVM estimating the property at $740,000, while the latest sales history shows a sale in 2018 for $600,000 and another in 2015 for $438,000. This indicates a steady increase in value over the years. For families, the school network is a highlight, with James Cook High School, a secondary institution with a decile rating of 1, and Weymouth School, a contributing school with a decile rating of 2, being in close proximity.
With tenants moving out and the owners motivated to sell due to mortgage stress, this property is a golden opportunity that shouldn't be missed. Its convenient location, near public transport and Highway 20, further enhances its appeal. Act now to secure this prime piece of real estate in a sought-after area.
Updated on December 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 5 | 2 | 110m2 | Year 2024 Month 09 Day 09 | - | Council approved | |
 | 0.22 km | 4 | 3 | -m2 | Year 2024 Month 09 Day 01 | $1,070,000 | Council approved | |
 | 0.16 km | 3 | 1 | 90m2 | Year 2024 Month 08 Day 05 | - | Council approved | |
 | 0.16 km | 3 | 2 | 98m2 | Year 2024 Month 07 Day 31 | $700,000 | Council approved | |
 | 0.15 km | 2 | 1 | 60m2 | Year 2024 Month 06 Day 28 | $500,000 | Council approved |