Nestled on a generous 673sqm freehold section at 17 Church Street, Otahuhu, Auckland, this prime property presents a lucrative investment opportunity with two spacious flats. Each flat boasts 2 bedrooms and 1 bathroom, occupying a floor area of 150sqm. Constructed in 1965 with brick walls and tiled roofing, the property maintains an average condition. The capital value has seen a remarkable increase of 84.72% from $720,000 in 2017 to $1,330,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,337,500, while the latest sale was recorded in 1994 at $106,000. This property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. An excellent choice for investors seeking strong rental returns and capital growth.
With a promising history of value appreciation and a strategic location close to amenities and schools, this property offers a stable cash flow with the potential for further value addition. The investment potential is further enhanced by the zoning for terrace housing and apartments, providing flexibility for future development. Don't miss out on this rare opportunity to secure a prime piece of real estate in a sought-after school zone.
Educationally, the property is zoned for Otahuhu College, Otahuhu Intermediate, and McAuley High School, ensuring access to quality education. This property is not just a sound investment; it's a step towards a brighter future.
Updated on September 25, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.47 km | 20 | 10 | 0m2 | Year 2024 Month 12 Day 12 | - | Council approved | |
 | 0.15 km | 4 | 3 | 158m2 | Year 2024 Month 10 Day 14 | $865,000 | Council approved | |
 | 0.45 km | 6 | 6 | -m2 | Year 2024 Month 09 Day 01 | $1,500,000 | Council approved | |
0.30 km | 3 | 2 | 118m2 | Year 2024 Month 09 Day 01 | $721,740 | Council approved | ||
 | 0.06 km | 4 | 1 | 156m2 | Year 2024 Month 08 Day 01 | - | Council approved |