Nestled in the heart of Otahuhu, Auckland, this 1-bedroom, 1-bathroom residential unit with a heat pump presents an ideal opportunity for homebuyers and investors alike. Constructed in 1969 with concrete walls and an iron roof, this cross-lease property sits on a level contour with a floor area of 60 square meters. The property, located at 3/27 Avenue Road, boasts an ownership type that offers both security and potential for personalization. With a CV of $390,000 as of June 2021, it has shown a significant increase of 25.81% from its $310,000 valuation in July 2017.
Valuation history shows a HouGarden AVM of $382,500, while the latest sale records date back to 1999 with transactions at $70,000. This indicates a property with untapped potential in a rapidly appreciating market. The location is further enhanced by its proximity to esteemed educational institutions, with Otahuhu College (Secondary, Decile 1) and Fairburn School (Contributing, Decile 1) being in the vicinity.
Centrally located, the property is convenient to Auckland City, public transport, and major arterial routes. It's also part of a desirable school zone, making it an attractive prospect for families. Whether you seek a starter home, a renovation project, or a sound investment, this property is a hidden gem in a vibrant community.
Updated on July 29, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 1 | 170m2 | Year 2024 Month 11 Day 05 | - | Council approved | |
 | 0.24 km | 3 | 1 | 90m2 | Year 2024 Month 10 Day 10 | - | Council approved | |
 | 0.06 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | $750,000 | Council approved | |
 | 0.26 km | 16 | 8 | 0m2 | Year 2024 Month 08 Day 23 | - | Council approved | |
 | 0.22 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 01 | - | Council approved |