Nestled in a serene cul-de-sac at 102 Ti Rakau Drive, Pakuranga, Auckland, this 1965-built residential gem with a brick exterior and tiled roof offers a promising investment opportunity. The freehold property boasts 3 bedrooms, 1 bathroom, and 2 car parks, spread across a floor area of 97 square meters on a vast land of 825 square meters. The property, zoned for Terrace Housing and Apartment Buildings, presents a golden chance for developers and investors, with a potential to subdivide or renovate the existing house, while the convenient location adds to its allure.
With a significant Capital Value (CV) increase of 88.5% from $915,000 in 2017 to $1,725,000 as of June 2021, and an estimated value of $1,650,000 by HouGarden AVM, the property holds a strong financial appeal. The recent history of sales and the rapid CV growth indicate a sound investment with promising returns.
For families with school-aged children, the property falls within the zones of Sancta Maria College (Decile 7), Edgewater College (Decile 2), Pakuranga Intermediate (Decile 3), and Pakuranga Heights School (Decile 4), ensuring access to quality education. This is not just a property; it's a promise of a brighter future.
Updated on October 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 4 | 1 | 100m2 | Year 2024 Month 10 Day 09 | - | Council approved | |
 | 0.20 km | 4 | 2 | 171m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
| 0.20 km | 4 | 171m2 | Year 2024 Month 09 Day 16 | $1,800,000 | Council approved | ||
 | 0.20 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 01 | $810,000 | Council approved | |
 | 0.13 km | 4 | 2 | 0m2 | Year 2024 Month 08 Day 01 | - | Council approved |