Nestled in tranquility on Manuka Street, a serene cul-de-sac in Orewa, Auckland, this north-facing, 2-bedroom, 1-bathroom home with a single carpark is a gem. Constructed in 1982 with stone walls and tiled roof, both in good condition, the property is set on level contour. The 90sqm floor area is complemented by a well-maintained garden, estimated at $750,000 by HouGarden AVM. Historically, the property sold for $124,000 in 1993 and $170,000 in 2005. As of June 2021, the Capital Value has soared to $820,000, marking a 24.24% increase since July 2017. This residential ownership home unit on cross-lease land is not just a home but an investment with potential.
With a CV increase that outpaces the market, and a recent HouGarden AVM that suggests a competitive price point, this property is a wise investment. The latest sale history underscores the consistent growth in value. This is a home that promises comfort with its sunny living spaces and potential for further enhancement, all within walking distance of the beach and local amenities.
For families, the school network is a significant draw. Orewa Beach School, a contributing school with a decile rating of 7, and Orewa College, a secondary school with a decile rating of 9, are within reach. This property not only offers a peaceful beachside lifestyle but also access to quality education.
Updated on December 06, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.07 km | 3 | 2 | 170m2 | Year 2024 Month 11 Day 14 | $1,035,000 | Council approved | |
 | 0.25 km | 3 | 1 | 130m2 | Year 2024 Month 10 Day 07 | - | Council approved | |
 | 0.15 km | 2 | 1 | 122m2 | Year 2024 Month 09 Day 16 | - | Council approved | |
 | 0.25 km | 3 | 1 | 130m2 | Year 2024 Month 08 Day 29 | - | Council approved | |
 | 0.22 km | 2 | 140m2 | Year 2024 Month 07 Day 22 | $920,000 | Council approved |