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227B Panama Road, Mount Wellington, Auckland City, Auckland

$559,000

227B Panama Road, Mount Wellington, Auckland City, Auckland

2

1

2

83m²

UnitListed on Thu Jan 9

Price drop

Mount Wellington 2 Bedroom Entry-Level Opportunity in Mt Wellington

This charming 2-bedroom home (83m² approx) is the perfect entry-level property or investment opportunity. Offering a tidy interior and solid timber construction, it's ready for you to move in or enhance with your personal touch.

Comfortable and functional living spaces with a cozy yet spacious layout

Garage - Convenient for parking and extra storage

Low Maintenance - Ideal for first-time buyers or investors seeking an easy-care property

Located in a quickly developing area of Mt Wellington, this property presents a fantastic opportunity to enter the market or add a solid asset to your portfolio.

Don't miss out - this is a must-see!

Location

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Council Data

Last update : 2025 02 12

Improvement value$270,000Increased by 42% from year 2017

Land value$470,000Increased by 30% from year 2017

CV(Year 2021 Month 06)$740,000Increased by 34% from year 2017

View typeNo appreciable view

ContourLevel

Floor area83m²

Decade of construction1960

TitleNA80B/713

Type of titleCross-Lease

Legal descriptionFLAT 2 DP 136381

CouncilAuckland - City

Estate descriptionFSIM,1/2,LOT 86 DEPOSITED PLAN 45394,708m2

Council rates$2,321.26
2023/2024

ConditionExternal Walls: Average
Roof: Average

ZoningResidential - Mixed Housing Suburban Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Otahuhu College	3.55 km	Secondary	9-15	Government	Co-Educational	EQI: 513	1	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone

Land:-

Title:Cross-Lease

Surrounding facilities

Panama Road Neighborhood and Surrounding Data
Panama Road neighborhood is a sub-region located within Mount Wellington city

Suburbs

Data analysis - Mount Wellington properties data

Sales count(Last 12 months)

34View

Type: Cross lease

Sales median price(Last 12 months)

$697,500

Low: $500,000, High: $1,300,000

Rent median price(Last 12 months)

$600

Low: $450, High: $800

Mount Wellington property trend

Year	Median price	Growth	Sales count
2024	$690,000	-4.2%	37
2023	$720,000	-3.4%	33
2022	$745,000	-5.7%	41
2021	$790,000	12.9%	59
2020	$700,000	11.1%	56
2019	$630,000	4.8%	53
2018	$601,000	0.3%	62
2017	$599,500	3.4%	56
2016	$580,000	8.4%	58
2015	$535,000	29.5%	79
2014	$413,000	-	77

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
Lot 5/27 Bernard street, Mount Wellington	0.55 km	2	1	-m²	Year 2025 Month 02 Day 01	-	Council approved
10 Peace Avenue, Mount Wellington	0.53 km	3	1	-m²	Year 2024 Month 12 Day 23	-	Council approved
225 Panama Road, Mount Wellington	0.02 km	3	1	120m²	Year 2024 Month 09 Day 18	-	Council approved
8/9 Peace Avenue, Mount Wellington	0.52 km	2	1	71m²	Year 2024 Month 09 Day 16	-	Council approved
286 Panama Road, Mount Wellington	0.15 km	2	1	-m²	Year 2024 Month 09 Day 01	$870,000	Council approved