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1/19 Velvet Crescent, Otara, Auckland - Manukau, 2 Bedrooms, 1 Bathrooms, House

Sold: $570,000

Sold on 2024 Year 2024 Month 10 Day 01

1/19 Velvet Crescent, Otara, Auckland - Manukau

2
1
80m2

Nestled in the serene cul-de-sac of Velvet Crescent, this charming 2-bedroom, 1-bathroom residence with a single carpark presents an inviting opportunity. Constructed in 1960 with wood walls and tiled roofing, this cross-lease property boasts a fair condition and level contour. Spacious at 80 square meters, it includes modern amenities like a heat pump and a central kitchen that opens to a rear deck, ideal for entertaining. The property, valued at $670,000 as of June 2021, has shown a CV increase of 38.15% since July 2017. The HouGarden AVM estimates it at $640,000, while the latest sales were at $488,000 in 2017 and $426,000 in 2016. It falls within the decile 1 zone for both Sir Edmund Hillary Collegiate Middle and Senior Schools, ensuring quality education. This home is not just a haven but a community where neighbors bond, and with its convenient access to motorways, buses, schools, and shops, it's a perfect blend of tranquility and connectivity.

Updated on October 21, 2024

Council Data

Last update : 2025 01 15
Improvement value$180,000Increased by 20% from year 2017
Land value$490,000Increased by 46% from year 2017
CV(Year 2021 Month 06)$670,000Increased by 38% from year 2017
View typeNo appreciable view
ContourLevel
Floor area80m²
Decade of construction1960
TitleNA118B/148
Type of titleCross-Lease
Legal descriptionFLAT 1 DP 127640, LOT 58 DP 49280
CouncilAuckland - Manukau
Estate descriptionFSIM,1/2,LOT 58 DEPOSITED PLAN 49280,779m2
Council rates$2,209.12
2023/2024
ConditionExternal Walls: Fair
Roof: Fair
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Sir Edmund Hillary Collegiate Middle School
0.76 km
Secondary
7-8
Government
Co-Educational
EQI: 527
1
Sir Edmund Hillary Collegiate Senior School
0.78 km
Secondary
9-15
Government
Co-Educational
EQI: 531
1

Property history

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Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Velvet Crescent Neighborhood and Surrounding Data

Suburbs

Data analysis - Otara properties data
Otara property trend
Year
Median price
Growth
Sales count
2024
$545,000
-19.9%
2
2022
$680,000
18.3%
1
2021
$575,000
-34.5%
1
2020
$878,000
119.5%
4
2019
$400,000
-14.9%
3
2018
$470,000
-3.7%
1
2017
$488,000
14.6%
1
2016
$426,000
-
1

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
3 Berrett Place, Otara
0.46 km
2
1
68m2
Year 2024 Month 11 Day 28
-
Council approved
13 Parker Crescent, Otara
0.54 km
3
1
-m2
Year 2024 Month 10 Day 01
$850,000
Council approved
0.48 km
2
1
95m2
Year 2024 Month 09 Day 24
$685,000
Council approved
10 Williams Crescent, Otara
0.40 km
3
1
84m2
Year 2024 Month 09 Day 04
$734,717
Council approved
9 Lawrence Place, Otara
0.47 km
3
1
90m2
Year 2024 Month 09 Day 03
$625,000
Council approved

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