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130 Preston Road, Otara, Auckland - Manukau, 3 Bedrooms, 1 Bathrooms, House

Sold: $710,000

Sold on 2024 Year 2024 Month 10 Day 01

130 Preston Road, Otara, Auckland - Manukau

3
1
89m2
680m2

Nestled in the heart of Otara, this fully renovated treasure on 130 Preston Road boasts a freehold title and a generous 89sqm floor area on a level 680sqm section. The charming 3-bedroom, 1-bathroom home features wood exterior walls, a fibrous cement roof, and has been updated with new carpet, flooring, a modern kitchen, and a sparkling bathroom. The property includes a carpark and room for 5 more vehicles, making it an ideal family home. Since 2017, the Capital Value has seen a rapid increase of 57.41%, reflecting the property's growing worth, with the current CV standing at $850,000. The HouGarden AVM estimates the property at $842,500, while the latest sales in 2023 and 2024 were at $616,500 and $710,000 respectively, indicating a steal at $80,000 below CV. Educationally, the property falls within the decile 1 Rongomai, Tangaroa College, and Flat Bush School zones, offering quality education options. This is a rare chance to own a slice of paradise in a quiet cul-de-sac, with potential for further development, perfect for first-time buyers, investors, or developers.

Updated on November 07, 2024

Council Data

Last update : 2025 02 12
Improvement value$50,000Reduced by -52% from year 2017
Land value$800,000Increased by 83% from year 2017
CV(Year 2021 Month 06)$850,000Increased by 57% from year 2017
View typeNo appreciable view
ContourLevel
Land area680m²
Floor area89m²
Decade of construction1963
TitleNA2C/921
Type of titleFreehold
Legal descriptionLOT 1 DP 52638
CouncilAuckland - Manukau
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 52638,680m2
Council rates$2,662.09
2023/2024
ConditionExternal Walls: Average
Roof: Average
ZoningResidential - Mixed Housing Urban Zone

Similar Properties

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Rongomai School
0.33 km
Primary
1-6
Government
Co-Educational
EQI: 521
1
Flat Bush School
0.60 km
Primary
1-6
Government
Co-Educational
EQI: 518
1
Tangaroa College
0.68 km
Secondary
9-15
Government
Co-Educational
EQI: 525
1

Property history

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For developers

Unitary plan:Residential - Mixed Housing Urban Zone
Land:680m²
Title:Freehold

Surrounding facilities

Preston Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Otara properties data
Otara property trend
Year
Median price
Growth
Sales count
2024
$720,000
-
57
2023
$720,000
-12.2%
51
2022
$820,000
-8.9%
45
2021
$900,000
45.2%
111
2020
$620,000
8.8%
80
2019
$570,000
5.6%
68
2018
$540,000
-1.8%
95
2017
$550,000
-
61
2016
$550,000
19.3%
78
2015
$461,000
27.5%
91
2014
$361,500
-
92

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
12 Ivon Road, Otara
0.42 km
5
2
223m2
Year 2024 Month 11 Day 28
$831,000
Council approved
0.44 km
2
1
80m2
Year 2024 Month 11 Day 10
$520,000
Council approved
12 Ingram Crescent, Otara
0.25 km
4
1
111m2
Year 2024 Month 11 Day 03
-
Council approved
0.43 km
2
1
85m2
Year 2024 Month 10 Day 20
$720,000
Council approved
41 Kudu Road, Otara
0.08 km
3
1
88m2
Year 2024 Month 08 Day 27
$850,000
Council approved

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