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57 Cobham Crescent, Otara, Manukau City, Auckland

Negotiation- Present All Offers!

57 Cobham Crescent, Otara, Manukau City, Auckland

3

1

100m²

701m²

HouseListed on Thu Dec 12

Otara 3 Bedroom Fantastic Buying Opportunity

UNDER CV! Land Bank or Investment.

This is an excellent opportunity to secure a property in a central location, just minutes from Otara Town Centre. Set on a flat 701m² section, zoned Mixed Housing Urban, with services already on-site.

The solid 1960s three-bedroom family home features a single garage and a heat pump for year-round comfort. In need of some cosmetic refreshing that has potential to add value.

Perfect for first-home buyers looking to move in, or for those considering the potential to land bank, develop, remove and rebuild (subject to council approval).

Enjoy the convenience of being within walking distance to local shops, schools, and public transport. A short drive takes you to the motorway, as well as Manukau, Botany, and Ormiston shopping centres.

Currently rented for $660 per week with a reliable tenant in place.

Don't miss out on this great opportunity - call Tracy now for a viewing at 027 447 3548.

Location

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Council Data

Last update : 2025 02 12

Improvement value$50,000Reduced by -47% from year 2017

Land value$880,000Increased by 102% from year 2017

CV(Year 2021 Month 06)$930,000Increased by 75% from year 2017

View typeNo appreciable view

ContourLevel

Land area701m²

Floor area94m²

Decade of construction1960

TitleNA50B/1237

Type of titleFreehold

Legal descriptionLOT 135 DP 49989

CouncilAuckland - Manukau

Estate descriptionFSIM,1/1,LOT 135 DEPOSITED PLAN 49989,700m2

Council rates$2,812.67
2023/2024

ConditionExternal Walls: Average
Roof: Average

ZoningResidential - Mixed Housing Urban Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Tangaroa College	1.41 km	Secondary	9-15	Government	Co-Educational	EQI: 525	1	Detail
Sir Edmund Hillary Collegiate Senior School	1.68 km	Secondary	9-15	Government	Co-Educational	EQI: 531	1	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Urban Zone

Land:701m²

Title:Freehold

Surrounding facilities

Cobham Crescent Neighborhood and Surrounding Data
Cobham Crescent neighborhood is a sub-region located within Otara city

Suburbs

Data analysis - Otara properties data

Sales count(Last 12 months)

52View

Type: Freehold

Sales median price(Last 12 months)

$718,500

Low: $501,000, High: $1,010,000

Rent median price(Last 12 months)

$650

Low: $520, High: $750

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
1C Clayton Avenue, Otara	0.47 km	2	1	0m²	Year 2025 Month 01 Day 17	-	Council approved
11 Capstick Road, Otara	0.43 km	4	1	-m²	Year 2024 Month 12 Day 01	$702,000	Council approved
6 Tindall Crescent, Otara	0.15 km	3	1	94m²	Year 2024 Month 10 Day 01	$763,800	Council approved
199B Bairds Road, Otara	0.46 km	3	1	96m²	Year 2024 Month 10 Day 01	$650,000	Council approved
34 Whitley Crescent, Otara	0.44 km	2	1	86m²	Year 2024 Month 09 Day 01	$558,000	Council approved