Welcome to 9 Athelstan Place, Otara, Auckland - Manukau, a unique property offering a fantastic opportunity for both homebuyers and investors. This property features two legal dwellings, each with 3 bedrooms, separate power and water meters, set on a spacious 748 sqm freehold section. The front dwelling currently rents for $560 per week, and the rear dwelling for $620 per week, with current market appraisals suggesting potential increases. The property boasts a generous land area, providing ample outdoor space and comfortable living conditions. With a carport and additional open parking spaces, parking will never be an issue. Classified as Home & Income, this property is an excellent investment opportunity, located in the desirable suburb of Otara, close to local amenities, schools, and public transport.
The property has seen a capital value increase from $840,000 in July 2017 to $940,000 in June 2021, marking an increase of approximately 11.9%. The latest sale on January 24, 2024, was for $1,000,000, demonstrating the property's growing value. The HouGarden AVM estimates the property's value at $902,500, further highlighting its investment potential.
Located within the school zones of Rongomai School and Tangaroa College, both with a decile rating of 1, this property offers educational opportunities for families. Rongomai School caters to contributing levels, while Tangaroa College serves secondary students from Year 9-15. This property provides a blend of comfortable living, investment potential, and educational opportunities, making it a highly desirable option for a wide range of buyers.
Updated on April 06, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $850,910 | -37% | 1 |
2022 | $1,350,000 | 41% | 5 |
2021 | $957,500 | -13% | 8 |
2020 | $1,100,000 | 43.2% | 3 |
2019 | $768,250 | 1% | 2 |
2018 | $761,000 | -2.3% | 1 |
2017 | $779,000 | 15.4% | 1 |
2016 | $675,000 | 28.3% | 5 |
2015 | $526,000 | 31% | 4 |
2014 | $401,500 | - | 2 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.18 km | 3 | 1 | 98m2 | 2024年02月25日 | $840,000 | Council approved | ||
 | 0.07 km | 3 | 1 | -m2 | 2024年02月20日 | $900,000 | Council approved | |
 | 0.22 km | 3 | 1 | -m2 | 2023年12月06日 | $616,500 | Council approved | |
 | 0.29 km | 3 | 1 | 90m2 | 2023年12月01日 | $707,000 | Council approved | |
 | 0.18 km | 5 | 3 | 120m2 | 2023年11月08日 | $2,100,000 | Agent claimed |