46 Mangahoe Road, Mount Wellington, Auckland

Nestled at 46 Mangahoe Road, Mount Wellington, Auckland, this freehold property is a charming residential unit, built in 2018 with a mix of materials for the walls and iron for the roof. It boasts a level contour and good wall and roof conditions. The 142 square meter floor area is spread across a generous land area of 157 square meters, encompassing four bedrooms, with the master featuring an ensuite, and a family bathroom with separate shower and bath. The capital value has seen a 22.22% increase from $900,000 in 2017 to $1,100,000 as of June 2021. The HouGarden AVM estimates the property at $1,107,500, while the latest sales were recorded at $998,000 in 2021 and $910,000 in 2017.

With a CV increase that speaks volumes about its investment potential, this property also enjoys a prime location within a quiet cul-de-sac, close to motorways, Sylvia Park shopping mall, and just 12kms from the CBD. The Otahuhu College in the vicinity is a secondary school with a decile rating of 1, catering to years 9 to 15. This, combined with the convenience of a lock-and-leave lifestyle and the added amenities of a children's playground, parks, a gymnasium, and community club rooms, makes it an attractive option for buyers.

Whether you're a first-time buyer or seeking a low-maintenance second home, this property in the Richmond area offers the best value with its well-appointed spaces, north-facing deck, and the assurance of a responsible residents' society and a balance of the Stamford Insurance Building Warranty.

Updated on September 12, 2024