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290 Panama Road, Mount Wellington, Auckland, 3 Bedrooms, 1 Bathrooms, House

Price By Negotiation

290 Panama Road, Mount Wellington, Auckland

3
1
144m2
743m2
HouseListed on Thu Feb 22

Mount Wellington 3 Bedroom Developers Best Choice- BC, RC & EPA ready

• 743 sqm (approx) road frontage flat site, sitting right by the beautiful Flat Rock Reserve with stunning water views and zoned for Mixed Housing Suburban.

• Approved plans that allows you to build three uniquely designed detached houses with Building Consent, Resource Consent and EPA - this site is ready for the new owner to get the ball rolling in a very handy location close to the motorway, Sylvia Park and many schools.

• The existing 1950's solid brick family home is full of character with rental income potential of $680pw. This is also a rare opportunity for renovators to invest in such a privileged position with scenic outlook and a large section to explore or land bank with an eye for the future.

Do not delay - Call us now to request the information pack that includes a LIM report.

** Conjunctions from all agents welcome **

Location

Council Data

Last update : 2024 07 17
Improvement value$225,000Increased by 7% from year 2017
Land value$1,150,000Increased by 66% from year 2017
CV(Year 2021 Month 06)$1,375,000Increased by 52% from year 2017
View typeFocal Point Of view - Water
ContourLevel
Land area743m²
Floor area144m²
Decade of construction1950
TitleNA67C/432
Type of titleFreehold
Legal descriptionLOT 64 DP 45394
CouncilAuckland - City
Estate descriptionFSIM,1/1,SECTION 2 SURVEY OFFICE PLAN 60430 AND LOT 64 DEPOSITED PLAN 45394,743m2
Council rates$3,516.62 2023/2024
ConditionExternal Walls: Average Roof: Average
ZoningResidential - Mixed Housing Suburban Zone

School zones

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

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:743m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

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
$1,025,000
-
33
2023
$1,025,000
-8.9%
90
2022
$1,125,000
-15.4%
78
2021
$1,330,000
37.3%
147
2020
$968,385
16.7%
134
2019
$830,000
-4.2%
81
2018
$866,500
-1.5%
108
2017
$880,000
-9.3%
108
2016
$970,750
23.7%
90
2015
$785,000
24.6%
103
2014
$630,000
-
87

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
185 Panama Road, Mount Wellington
0.45 km
3
1
0m2
Year 2024 Month 06 Day 05
-
Council approved
2 Pelorus Place, Pakuranga
0.08 km
3
1
0m2
Year 2024 Month 04 Day 29
$1,150,000
Council approved
122 Tiraumea Drive, Pakuranga
0.18 km
3
1
120m2
Year 2024 Month 04 Day 26
$1,080,000
Council approved
0.32 km
2
1
72m2
Year 2024 Month 04 Day 18
$675,000
Council approved
8 Pelorus Place, Pakuranga
0.14 km
3
1
148m2
Year 2024 Month 03 Day 02
$1,195,000
Council approved

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Ref:NMA2672Last update:2024-02-25 17:55:36