Nestled on a prime corner site at 38 Mays Road, Onehunga, Auckland, this 1920's bungalow with cross-lease title is a gem waiting to be polished. The property boasts 4 bedrooms and a floor area of 157 square meters, featuring wood exterior walls and an iron roof, both in poor condition. This residence, with a current Capital Value (CV) of $1,150,000 as of June 2021, has shown a remarkable growth rate of 38.55% since July 2017. The property's potential is further highlighted by the HouGarden AVM estimate of $1,140,000 and a latest sale record in 1995 at $159,000.
With a CV increase that outpaces the market, this property presents a golden opportunity for investors and developers. It's located in a quiet cul-de-sac, convenient to Onehunga Township's amenities, train station, and major transport routes. The site benefits from a mixed housing urban zoning, offering possibilities for renovation or redevelopment. Notably, the property falls within the decile 9 Baradene College zone, as well as Royal Oak Intermediate, Onehunga High, and Te Papapa School zones, ensuring quality education options for families.
Marked by a rich history and potential for growth, this property is set for auction on 26th November 2024. It's a rough diamond that awaits the vision and creativity of its new owner. Please note, due to the property's condition, appropriate protective gear is recommended for viewings.
Updated on December 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 2 | 1 | 74m2 | Year 2024 Month 12 Day 20 | - | Council approved | |
 | 0.12 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 17 | $1,116,000 | Council approved | |
 | 0.12 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 01 | - | Council approved | |
 | 0.05 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 06 | $1,390,000 | Council approved | |
 | 0.18 km | 3 | 1 | 82m2 | Year 2024 Month 08 Day 19 | - | Council approved |