Nestled on a generous 675m2 freehold section, this original 1960s home at 225 Panama Road, Mount Wellington, Auckland, boasts a charming brick exterior and an iron roof. With three spacious bedrooms and a floor area of 117m2, this residential dwelling offers a blend of classic nostalgia and potential for modern updates. The property, valued at $1,190,000 as per the latest government valuation, has seen a CV increase of 63% since 2017, reflecting its growing capital value. The HouGarden AVM estimates the property's worth at $1,195,000, aligning closely with the official figures.
Historically, the property has demonstrated strong growth, with a recent sale history that speaks to its desirability. The capital value increase is a testament to the investment potential of this property in a sought-after location.
For families with school-aged children, the property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. This indicates a strong educational institution in the area, adding to the property's appeal.
Updated on September 20, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 3 | 2 | 118m2 | Year 2024 Month 12 Day 01 | - | Council approved | |
 | 0.66 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 06 | $740,000 | Council approved | |
 | 0.54 km | 2 | 1 | 71m2 | Year 2024 Month 09 Day 16 | - | Council approved | |
 | 0.05 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 01 | $870,000 | Council approved | |
 | 0.04 km | 4 | 2 | 178m2 | Year 2024 Month 08 Day 02 | $1,243,000 | Council approved |