Type and search...
51 Jane Cowie Avenue, Otahuhu, Auckland, 4 Bedrooms, 2 Bathrooms, House

Sold: $938,000

Sold on 2024 Year 2024 Month 10 Day 25

51 Jane Cowie Avenue, Otahuhu, Auckland

4
2
130m2
776m2

Nestled on a generous 776m2 section at 51 Jane Cowie Avenue, Otahuhu, Auckland, this freehold property boasts 4 bedrooms, 2 bathrooms, and a floor area of 130m2. Constructed in 1966 with wood walls and an iron roof, both in good condition, this residential rental flat complex is a prime investment opportunity. The property's capital value has seen a rapid increase from $780,000 in 2017 to $1,050,000 as of June 2021, reflecting a growth rate of 34.6%. The latest sales were recorded at $490,000 in 2014 and $359,000 in 2012, while the current HouGarden AVM estimates the property's worth at $1,005,000.

With a brand new Coloursteel roof installed in 2020, this property is poised for a stress-free next 15 years. Currently generating a strong rental income of $1,000 per week, the dual 2-bedroom units offer stability and potential for further value enhancement. The location is conveniently situated near motorways, public transport, and is within the zones of Otahuhu College (Secondary, Decile 1) and Fairburn School (Contributing, Decile 1), making it an ideal investment for those seeking both rental returns and educational convenience.

Whether you're looking to capitalize on the high demand in Otahuhu or to add value through strategic renovations, this property presents an unbeatable investment potential. Don't miss out on this hot property alert!

Updated on October 29, 2024

Council Data

Last update : 2025 02 26
Improvement value$350,000Increased by 191% from year 2017
Land value$700,000Increased by 6% from year 2017
CV(Year 2021 Month 06)$1,050,000Increased by 34% from year 2017
View typeNo appreciable view
ContourLevel
Land area776m²
Floor area130m²
Decade of construction1966
TitleNA8A/68
Type of titleFreehold
Legal descriptionLOT 26 DP 50041
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 26 DEPOSITED PLAN 50041,776m2
Council rates$3,908.37
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Otahuhu College
0.61 km
Secondary
9-15
Government
Co-Educational
EQI: 513
1
Fairburn School
0.91 km
Primary
1-6
Government
Co-Educational
EQI: 485
1

Property history

Need Login
Please login

For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:776m²
Title:Freehold

Surrounding facilities

Jane Cowie Avenue Neighborhood and Surrounding Data

Suburbs

Data analysis - Otahuhu properties data
Sales count(Last 12 months)
21View
Type: Freehold
Sales median price(Last 12 months)
$938,000
Low: $485,000, High: $1,055,000
Rent median price(Last 12 months)
$777
Low: $750, High: $900
Otahuhu property trend
Year
Median price
Growth
Sales count
2024
$919,500
0.3%
24
2023
$916,559
-13.6%
22
2022
$1,061,000
-5.3%
14
2021
$1,120,000
27.8%
37
2020
$876,127
6%
21
2019
$826,750
0.5%
14
2018
$823,000
9.7%
27
2017
$750,000
5.6%
29
2016
$710,000
10.9%
23
2015
$640,000
20.8%
31
2014
$530,000
-
33

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
602 Great South Road, Otahuhu
0.27 km
3
1
131m2
Year 2025 Month 01 Day 20
-
Council approved
4 Cracroft Street, Otahuhu
0.26 km
2
1
82m2
Year 2024 Month 12 Day 03
-
Council approved
9 Beatty Street, Otahuhu
0.23 km
3
1
103m2
Year 2024 Month 11 Day 28
$885,000
Council approved
5 Beatty Street, Otahuhu
0.24 km
2
1
92m2
Year 2024 Month 10 Day 14
$780,000
Council approved
39 Tamaki Avenue, Otahuhu
0.39 km
2
1
90m2
Year 2024 Month 09 Day 25
-
Council approved

You may like

Last update：-