Discover the potential of 42 Thompson Terrace, Manurewa, Auckland - Manukau, a property that stands as a testament to opportunity and growth. Nestled on a generous 723 sqm freehold section, this residence boasts 3 bedrooms, 1 bathroom, and an expansive floor area of 91 sqm. The property is characterized by its mixed materials wall construction and iron roof, both in average condition, reflecting its 1961 heritage. With 3 car parks and a land contour that presents an easy/moderate fall, it offers both convenience and potential for development. The property falls under the 'Residential - Vacant land multiple housing' category, promising a canvas for savvy investors or first-time buyers.
Since its last sale in 2006 for $280,000, the property has witnessed a remarkable capital value increase to $1,075,000 by June 2021, marking a 76.23% growth. This surge is supported by a HouGarden AVM estimate of $1,057,500, underscoring its investment appeal. The property's capital value journey from $610,000 in July 2017 to its current valuation exemplifies its rapid appreciation and potential for further growth.
Education is a cornerstone of this property's allure, situated within the zones of Manurewa Intermediate, Leabank School, and James Cook High School, all of which are decile 1 institutions. This positioning offers families a range of educational opportunities, from intermediate to secondary levels, ensuring a solid foundation for the younger residents.
Updated on March 27, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $815,000 | -8.4% | 199 |
2022 | $890,000 | -4.8% | 202 |
2021 | $935,000 | 33.6% | 543 |
2020 | $700,000 | 12% | 363 |
2019 | $625,000 | -0.8% | 299 |
2018 | $630,000 | - | 312 |
2017 | $630,000 | 1.6% | 309 |
2016 | $620,000 | 17% | 495 |
2015 | $530,000 | 29.3% | 594 |
2014 | $410,000 | - | 519 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 2 | 1 | 80m2 | 2024年04月11日 | $620,000 | Council approved | |
0.28 km | 3 | 114m2 | 2024年03月10日 | $525,000 | Council approved | |||
 | 0.15 km | 3 | 1 | 100m2 | 2024年03月05日 | $770,000 | Council approved | |
 | 0.17 km | 4 | 2 | 140m2 | 2023年12月06日 | $770,000 | Council approved | |
 | 0.28 km | 3 | 1 | 128m2 | 2023年12月06日 | $21,345 | Council approved |