Located at 10 Mcculloch Road, Panmure, Auckland - City, this residential dwelling is a testament to solid construction and potential. Built in 1950, the property features 2 bedrooms, 1 bathroom, and spans a floor area of 75 sqm on a generous freehold land parcel of 484 sqm. The brick walls and tile roof, both in average condition, encapsulate a home with a level property contour, offering a blend of durability and charm. Notably, the property lacks a carpark but compensates with a spacious front and back yard, a separate lounge and kitchen area, a conservatory, and a wooden deck that enhances outdoor living.
The property's capital value has seen a significant increase, from $610,000 on July 1, 2017, to $1,000,000 on June 1, 2021, marking a 63.93% rise. The latest sale recorded on February 2, 2024, was at $713,000, up from $192,000 on April 12, 2005. The HouGarden AVM estimates the property's value at $985,000, indicating its appeal in the current market. This property is an excellent opportunity for traders, investors, or home buyers seeking the most affordable freehold property in a convenient location, just a 7-minute walk to Panmure train station, close to Sylvia Park Shopping Centre, Lunn Ave shops, and with easy access to the motorway.
Education is well catered for, with the property being zoned for schools with varying deciles: Baradene College (Secondary, Year 7-15, decile 9), Tamaki College (Secondary, Year 9-15, decile 1), and Tamaki School (Full Primary, decile 1). This diverse educational landscape offers ample choice for families, making it a solid start for first-home buyers or a strategic addition for investors. The investor vendor is cashing up and committed to selling, presenting a timely opportunity for interested parties.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $778,500 | -30.8% | 6 |
2022 | $1,125,000 | 51.3% | 7 |
2021 | $743,500 | -25.7% | 26 |
2020 | $1,000,000 | 28.9% | 9 |
2019 | $776,000 | -15% | 5 |
2018 | $912,500 | -3.9% | 6 |
2017 | $950,000 | 12.5% | 9 |
2016 | $844,500 | 1.3% | 8 |
2015 | $834,000 | 52.7% | 8 |
2014 | $546,000 | - | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 3 | 2 | 130m2 | 2024年04月24日 | $865,000 | Council approved | |
 | 0.22 km | 3 | 2 | 189m2 | 2024年04月22日 | $1,295,000 | Council approved | |
 | 0.15 km | 5 | 3 | 338m2 | 2024年04月19日 | $999,000 | Council approved | |
 | 0.15 km | 3 | 1 | 210m2 | 2024年02月06日 | $808,000 | Council approved | |
0.16 km | 2 | 1 | 90m2 | 2024年01月07日 | $1,200,000 | Council approved |