Located at 47 Clayton Avenue, Otara, Auckland - Manukau, this residential dwelling is a testament to classic architecture with its weatherboard construction, iron roof, and wooden walls, all dating back to 1960. The property stands on a level contour, boasting a generous land area of 641m2 and a floor area of 100m2. It comprises 3 spacious bedrooms filled with natural light, 1 bathroom featuring a shower, separate toilet, and vanity, and offers 1 carpark. The living/dining area, adorned with French doors, opens onto a deck, enhancing the home's appeal. This freehold property, underpinned by its Mixed Housing Urban zoning, presents a lucrative investment opportunity or a potential first home with room for enhancements to increase cash flow, subject to council requirements and approvals.
Since its last sale in 1994 for $65,000, the property has seen a significant increase in capital value, reaching $810,000 by June 2021 from $540,000 in July 2017, marking a 50% increase. The HouGarden AVM estimates its value at $775,000, indicating its potential in the current market. This property, a long-term investment with a full section of 642m2, is now available for sale, closing at 4:00pm on Wednesday, 14th February 2024, unless sold prior. Its location in a desirable street in Otara, proximity to Manukau City Centre, MIT University, transport hubs, and local amenities, coupled with nearby parks and recreational areas, make it an attractive proposition for investors and first-time buyers alike.
Education is a priority, with the property zoned for Tangaroa College and Sir Edmund Hillary Collegiate Senior School, both secondary institutions with a decile rating of 1. This location ensures access to quality education, making it a smart choice for families and investors focused on the long-term benefits of their property's location.
Updated on April 04, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $713,500 | -13% | 50 |
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 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 04 | $650,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 03 Day 19 | $660,000 | Council approved | |
 | 0.11 km | 3 | 1 | 0m2 | Year 2024 Month 02 Day 20 | $1,301,000 | Council approved | |
 | 0.20 km | 3 | 1 | -m2 | Year 2024 Month 02 Day 08 | $710,000 | Council approved | |
 | 0.20 km | 3 | 1 | 102m2 | Year 2023 Month 11 Day 21 | $745,000 | Council approved |