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2/140 Panama Road, Mt Wellington, Auckland City, Auckland

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HouseListed on Thu Feb 20

Mount Wellington 1 Bedroom Low-Cost, High-Value Investment

Looking for your first home or an excellent investment opportunity? This spacious 50m² one-bedroom unit is sure to impress! Located in a peaceful, off-road position, this solid brick and tile property offers a low-maintenance lifestyle and ticks all the boxes for first-time buyers and investors alike.

Key Features:

Classic 1960s Solid Brick and Tile Build

Current Rent: $450 per week

Single Carport

No Body Corporate Fees

Easy access to the motorway and bus routes right at your doorstep

Only minutes away from Sylvia Park Shopping Centre

Recently renovated with new carpet and a freshly fenced backyard, this unit offers modern comfort with plenty of potential for further value-adding improvements. Perfect for first-time buyers or savvy investors looking for a solid return.

Don’t miss out on this fantastic opportunity! Call now to arrange a viewing and for further information.

See this listing on Barfoot & Thompson

Location

Open homes

Mar01
Saturday12:00 - 12:30
Mar02
Sunday12:00 - 12:30

Council Data

Last update : 2025 02 26
Improvement value$220,000Increased by 83% from year 2017
Land value$350,000Increased by 29% from year 2017
CV(Year 2021 Month 06)$570,000Increased by 46% from year 2017
View typeNo appreciable view
ContourLevel
Floor area50m²
Decade of construction1960
TitleNA119D/385
Type of titleCross-Lease
Legal descriptionCARPORT 6 DP 62753, FLAT 2 DP 62753, LOT 2 DP 60954
CouncilAuckland - City
Estate descriptionFSIM,1/4,LOT 2 DEPOSITED PLAN 60954,1057m2
Council rates$2,001.26
2023/2024
ConditionExternal Walls: Average
Roof: Fair
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Otahuhu College
3.15 km
Secondary
9-15
Government
Co-Educational
EQI: 513
1

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Panama Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Mount Wellington properties data
Mount Wellington property trend
Year
Median price
Growth
Sales count
2024
$499,999
-20%
1
2023
$625,000
-
1
2022
$625,000
-3.8%
3
2021
$650,000
-18.8%
7
2020
$800,000
66.7%
2
2019
$480,000
-0.7%
2
2018
$483,500
7.3%
2
2016
$450,500
-2.7%
3
2015
$463,000
44.7%
3
2014
$320,000
-
5

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
6/97 Panama Road, Mount Wellington
0.12 km
2
1
96m2
Year 2025 Month 02 Day 18
-
Council approved
0.36 km
3
137m2
Year 2024 Month 12 Day 10
$932,000
Council approved
3 McLennan Road, Mount Wellington
0.21 km
4
1
-m2
Year 2024 Month 11 Day 04
-
Council approved
3/142 Panama Road, Mount Wellington
0.12 km
2
1
-m2
Year 2024 Month 11 Day 01
$560,000
Council approved
27 Komanawa Lane, Mount Wellington
0.34 km
3
2
118m2
Year 2024 Month 09 Day 27
$870,000
Council approved

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Ref:907190Last update:2025-02-28 04:44:37