Nestled in a quiet cul-de-sac on Ferguson Road, this 1963-built residence offers a prime opportunity for builders, developers, and investors. The 3-bedroom, 1-bathroom dwelling with a single carpark is set on a level, freehold section of 688 square meters. Constructed with wood walls and an iron roof, both in average condition, this property has a floor area of 98 square meters. The capital value has seen a remarkable increase from $560,000 in 2017 to $850,000 as of June 2021, reflecting a growth of 51.79%. The latest sale history includes transactions in 2024 and 2013, with prices of $840,000 and $325,000 respectively. The HouGarden AVM estimates the property's worth at $815,000, making it an attractive prospect for those looking to enter the market or add to their portfolio.
With regards to the government's valuation, the property has shown a steady rise in value. The current CV of $850,000 is a significant jump from the previous assessment. This indicates a strong investment potential for the discerning buyer. The property's contour and size present an ideal scenario for renovation or redevelopment in this urban zone.
For families with school-aged children, the property falls within the decile 1 school zones of Rongomai School, a contributing primary, and Tangaroa College, a secondary school catering to years 9-15. This is a golden opportunity that's not to be missed, as the motivated vendor has made it clear they want a quick sale. Act now to secure this property and take advantage of the urgent sell situation.
Updated on April 10, 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 | |
|---|---|---|---|---|---|---|---|---|
0.64 km | 3 | 1 | 100m2 | 2024年04月14日 | $720,000 | Council approved | ||
 | 0.21 km | 6 | 2 | 190m2 | 2024年02月22日 | $1,000,000 | Council approved | |
 | 0.63 km | 3 | 1 | -m2 | 2024年02月20日 | $900,000 | Council approved | |
 | 0.47 km | 3 | 1 | -m2 | 2023年12月06日 | $616,500 | Council approved | |
 | 0.17 km | 3 | 1 | 90m2 | 2023年12月01日 | $707,000 | Council approved |