Nestled in the heart of Onehunga, this prime vacant land at 5 Mariri Road is a golden opportunity on a freehold title. With a current Capital Value (CV) of $1,575,000 as of June 2021, it has shown a remarkable growth of 78.98% since July 2017. The property, set on a level contour, is the perfect canvas for development with pre-designed plans for 3-5 houses. Its potential is further enhanced by the convenient location and the prospect of being part of a community with excellent school options, including Baradene College, a decile 9 secondary school. The land, valued at $1,510,000 by HouGarden AVM, has a recent sale history with a property sold for $1,400,000 in March 2024 and $640,000 in February 2013, demonstrating the rapid appreciation of the area's capital value.
With a promising CV increase and a quiet neighborhood, this property is ideal for investors and homeowners looking to build their dream project. The area is served by a range of schools, including Oranga School (decile 3), Royal Oak Intermediate School (decile 2), Onehunga High School (decile 3), and Te Papapa School (decile 2), offering a comprehensive educational network for families.
Whether you're seeking a sound investment or a unique development opportunity, this land on a peaceful cul-de-sac street is a chance to create something truly special in the vibrant community of Onehunga.
Updated on April 18, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,253,000 | -10.8% | 57 |
2022 | $1,405,000 | -13.8% | 47 |
2021 | $1,630,000 | 25.4% | 67 |
2020 | $1,300,000 | 30% | 78 |
2019 | $1,000,000 | -4.8% | 55 |
2018 | $1,050,000 | -1.9% | 77 |
2017 | $1,070,000 | -3.6% | 59 |
2016 | $1,109,500 | 22.6% | 68 |
2015 | $905,000 | 17.5% | 71 |
2014 | $770,500 | - | 74 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 3 | 1 | -m2 | 2024年03月21日 | $799,000 | Council approved | |
 | 0.31 km | 4 | 1 | 145m2 | 2024年03月05日 | $1,720,000 | Council approved | |
 | 0.20 km | 4 | 210m2 | 2024年02月13日 | $1,450,000 | Council approved | ||
0.30 km | 3 | 2 | 134m2 | 2024年01月18日 | $1,152,000 | Council approved | ||
 | 0.23 km | 3 | 2 | 92m2 | 2023年12月11日 | $1,150,000 | Council approved |