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382 Panama Road, Mount Wellington, Auckland City, Auckland, 3 Bedrooms, 1 Bathrooms, House

Price by Negotiation

382 Panama Road, Mount Wellington, Auckland City, Auckland

3
1
1
90m2
698m2
HouseListed on Tue Oct 8

Mount Wellington 3 Bedroom Waterfront Goldmine of Potential

Panama Peninsula- Auckland's best value seaside suburb!

There are more than few reasons why now is a good time to buy property, and why investing in good land is always a smart move.

Starting from the falling interest rates and motivated sellers, to the fact that land is a precious and finite asset that keeps increasing in value over time providing equity, security and financial stability.

So here it is, a splendid opportunity to those wanting to land bank, create their dream home, or explore a future development potential ( subject to council approval).

This freehold and waterfront 3 bedrooms classic home, with approx. 698m2 land, zoned Mixed Housing suburban, and situated in a central, rapidly growing area, oozes with potential.

Conveniently close to Sylvia Park shopping centre, amenities, schools, transport links and easy motorway access.

Vendor Says Must Sell, so don't delay, contact me now to arrange viewing.

Location

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Council Data

Last update : 2025 01 15
Improvement value$15,000Reduced by -90% from year 2017
Land value$1,135,000Increased by 136% from year 2017
CV(Year 2021 Month 06)$1,150,000Increased by 82% from year 2017
View typeFocal Point Of view - Water
ContourEasy/Moderate Fall
Land area698m²
Floor area90m²
Decade of construction1961
TitleNA1910/31
Type of titleFreehold
Legal descriptionLOT 18 DP 45220
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 18 DEPOSITED PLAN 45220,698m2
Council rates$3,093.07
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Otahuhu College
3.08 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:698m²
Title:Freehold

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
$955,000
-7.7%
90
2023
$1,035,000
-8%
95
2022
$1,125,000
-15.6%
78
2021
$1,332,500
37.6%
148
2020
$968,385
16.7%
134
2019
$830,000
-4.2%
81
2018
$866,500
-1.5%
108
2017
$880,000
-9.3%
109
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
10 Peace Avenue, Mount Wellington
0.47 km
3
1
-m2
Year 2024 Month 12 Day 23
-
Council approved
418C Panama Road, Mount Wellington
0.31 km
3
2
118m2
Year 2024 Month 12 Day 01
-
Council approved
200A Panama Road, Mount Wellington
0.43 km
2
1
-m2
Year 2024 Month 11 Day 06
$740,000
Council approved
25 Mataroa Road, Mount Wellington
0.46 km
3
2
193m2
Year 2024 Month 10 Day 23
-
Council approved
8/9 Peace Avenue, Mount Wellington
0.46 km
2
1
71m2
Year 2024 Month 09 Day 16
-
Council approved

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Ref:GNL30776Last update:2025-01-08 15:15:43