Nestled in the heart of Otahuhu, Auckland, this 2-bedroom, 1-bathroom residential unit is a perfect blend of classic charm and modern convenience. Constructed in 1969 with brick walls and tiled roofing, the property stands on a level contour with a floor area of 70 square meters. It operates under a Cross-Lease ownership type. The well-maintained walls and roof are in good condition, ensuring a sturdy foundation for potential investors or first-time homebuyers. This property is ideal for those seeking a secure investment or a starter home for a young family.
Since 2017, the Capital Value (CV) has seen a significant increase of 23.40%, jumping from $470,000 to the current $580,000 as of June 2021. The HouGarden AVM estimates the property's value at $552,500, while the latest sale records from February 2024 indicate a transaction at $525,000, following a previous sale in February 2017 at $470,000. These figures highlight the property's consistent growth potential.
For families with school-aged children, the property falls within the zones of Otahuhu College (Secondary, Decile 1) and Fairburn School (Contributing, Decile 1), ensuring access to quality education. The location is strategically situated near motorways, train stations, bus stops, and various amenities, making daily commuting and errands a breeze.
Updated on April 10, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $549,000 | -14.1% | 13 |
2022 | $638,750 | 4.1% | 14 |
2021 | $613,500 | 23.4% | 40 |
2020 | $497,000 | -0.9% | 19 |
2019 | $501,500 | 10.2% | 19 |
2018 | $455,000 | -5.7% | 18 |
2017 | $482,500 | 16.3% | 24 |
2016 | $415,000 | 23.9% | 19 |
2015 | $335,000 | 7.2% | 34 |
2014 | $312,500 | - | 32 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 3 | 1 | 131m2 | 2024年03月26日 | $825,000 | Council approved | |
 | 0.23 km | 2 | 1 | -m2 | 2024年03月25日 | $468,000 | Council approved | |
 | 0.22 km | 3 | 1 | 120m2 | 2024年02月28日 | $935,000 | Council approved | |
 | 0.32 km | 3 | 1 | 170m2 | 2023年11月14日 | $1,150,000 | Council approved | |
 | 0.28 km | 2 | 1 | 60m2 | 2023年11月07日 | $490,000 | Council approved |