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Sold: $750,000

Sold on 2024 Year 2024 Month 07 Day 03

1/25 Panama Road, Mount Wellington, Auckland

2
1
84m2
92m2

Nestled in the serene cul-de-sac of 1/25 Panama Road, Mount Wellington, this freehold property is a charming residential unit. It boasts 2 bedrooms, 1 bathroom, and a single carpark, with a floor area of 84 square meters and a land area of 92 square meters. Constructed with a robust fibrous cement exterior and an iron roof, this property is only a few years old, built in 2024, and is in good condition both in walls and roof. The contour of the land is an easy/moderate rise, adding to the appeal of this ownership home unit.

As per the latest valuation records, the capital value as of June 1, 2021, is $910,000, with the HouGarden AVM estimating it at $887,500. Notably, the property was sold most recently on July 3, 2024, for $750,000, indicating a potential for capital value growth.

In terms of education, this property falls within a highly sought-after school zone, with schools boasting impressive decile ratings, ensuring a quality education for the family.

Updated on August 14, 2024

Council Data

Last update : 2024 12 11
Improvement value$560,000
Land value$350,000
CV(Year 2021 Month 06)$910,000
DeckYes
View typeNo appreciable view
ContourEasy/Moderate rise
Land area92m²
Floor area84m²
Decade of construction2024
Title1078741
Type of titleFreehold
Legal descriptionLOT 1 DP 580057, LOT 100 DP 580057
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 100 DEPOSITED PLAN 580057,408m2
ConstructionExternal Walls: Fibrous Cement
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Panama Road School
0.73 km
Primary
1-8
Government
Co-Educational
EQI: 517
1
Otahuhu Intermediate
1.08 km
Secondary
7-8
Government
Co-Educational
EQI: 507
1
Pacific Advance Secondary School
1.60 km
Secondary
9-15
Government
Co-Educational
EQI: 528
1
Sylvia Park School
1.76 km
Primary
1-8
Government
Co-Educational
EQI: 471
2
Otahuhu School
1.79 km
Primary
1-6
Government
Co-Educational
EQI: 487
1
McAuley High School
1.88 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 489
1
St Joseph's School (Otahuhu)
1.96 km
Primary
1-8
Government
Co-Educational
EQI: 470
1
Riverina School
2.08 km
Primary
1-6
Government
Co-Educational
EQI: 472
3
Anchorage Park School
2.08 km
Primary
1-6
Government
Co-Educational
EQI: 453
3
Fairburn School
2.28 km
Primary
1-6
Government
Co-Educational
EQI: 485
1

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:92m²
Title:Freehold

Surrounding facilities

Panama Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Mount Wellington properties data
Sales count(Last 12 months)
28View
Type: Freehold
Sales median price(Last 12 months)
$776,500
Low: $612,500, High: $2,200,000
Rent median price(Last 12 months)
$595
Low: $450, High: $800
Mount Wellington property trend
Year
Median price
Growth
Sales count
2024
$776,500
-3.5%
28
2023
$805,000
-38.1%
57
2022
$1,300,000
62.5%
15
2021
$800,000
14%
41
2020
$702,000
-18.5%
24
2019
$861,000
15.5%
12
2018
$745,500
-3.2%
8
2017
$770,000
-5.8%
16
2016
$817,250
18.4%
6
2015
$690,000
1.3%
23
2014
$681,000
-
13

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
14/22 Ryburn Road, Mount Wellington
0.12 km
2
1
-m2
Year 2024 Month 10 Day 22
$612,500
Council approved
46 Mangahoe Road, Mount Wellington
0.10 km
4
2
142m2
Year 2024 Month 09 Day 11
-
Council approved
22 Tahuhu Road, Mount Wellington
0.15 km
3
3
160m2
Year 2024 Month 09 Day 04
$946,000
Council approved
36 Tahuhu Road, Mount Wellington
0.10 km
2
2
-m2
Year 2024 Month 08 Day 01
$793,000
Council approved
Lot 1/25 Panama Road, Mount Wellington
0.16 km
2
1
-m2
Year 2024 Month 07 Day 26
-
Council approved

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