Nestled in the serene cul-de-sac of Panama Road, this 1976-built, 85sqm brick and tile unit presents an opportunity not to be missed. With 2 bedrooms, 1 bathroom, and a unit title, it's the epitome of low-maintenance living. The property boasts a capital value increase of 33.93% from $560,000 in 2017 to $750,000 as of June 2021. The latest sale history includes a transaction at $570,000 in 2018, and a previous one at $220,000 in 2005. The HouGarden AVM estimates the property's value at $720,000. The roof, constructed with tiles, is in average condition, while the brick walls are well-maintained. This unit is perfect for investors, first-time buyers, and those looking to downsize, offering a blend of comfort and practicality with its renovated interior and secure garage with an additional off-street parking space.
As for the government's valuation, the consistent rise in CV reflects the property's growing worth. The recent increase is a testament to the area's desirability and investment potential. This home is not just about the numbers; it's about the lifestyle. It's located in the decile 1 Otahuhu College zone, a secondary school catering to years 9-15, ensuring quality education for the family. The peaceful, fenced backyard provides a private space for children and pets, while the proximity to Sylvia Park and public transport adds convenience to an already attractive package.
Here's a chance to secure a slice of real estate gold in Mount Wellington, where the combination of a solid property, increasing value, and a desirable school zone promises a wise investment for your future.
Updated on April 22, 2024
Name | Distance | 类型 | Year | 属性 | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Otahuhu College | 3.17 km | Secondary | 9-15 | Government | Co-Educational | EQI: 513 | 1 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $610,000 | -10.9% | 19 |
2022 | $685,000 | -2.1% | 23 |
2021 | $700,000 | 13.3% | 42 |
2020 | $618,000 | 11.9% | 60 |
2019 | $552,300 | -4.8% | 90 |
2018 | $580,000 | 8.6% | 43 |
2017 | $534,000 | -2.9% | 31 |
2016 | $550,000 | 11.6% | 61 |
2015 | $493,000 | 27.2% | 72 |
2014 | $387,500 | - | 58 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.70 km | 2 | 1 | 100m2 | 2023年12月06日 | $624,000 | Council approved | ||
0.72 km | 2 | 1 | 80m2 | 2023年12月02日 | $839,000 | Council approved | ||
0.39 km | 3 | 133m2 | 2023年11月29日 | $940,000 | Council approved | |||
 | 0.27 km | 2 | 1 | 99m2 | 2023年11月28日 | $720,000 | Council approved | |
0.30 km | 3 | 109m2 | 2023年11月28日 | $1,520,000 | Council approved |