Nestled in a quiet cul-de-sac of Kelvin Road, Papakura, this 1950-built, 90sqm residential dwelling boasts 3 bedrooms, 1 bathroom, and is set on a level contour with iron roofing and wooden exterior walls. Currently under a Cross-Lease title, this property has seen a significant Capital Value (CV) increase from $540,000 in 2017 to $740,000 as of June 2021, marking a growth rate of 37%. The latest sales were recorded at $645,000 in February 2021 and $575,000 in April 2018, while the HouGarden AVM estimates the property's value at $710,000. The home maintains an average condition both in walls and roof, offering an open plan living area and a private backyard, ideal for family activities.
As for the government valuations, the property has shown a consistent upswing, reflecting a promising investment opportunity. The recent CV surge further enhances the property's吸引力, especially considering the increasing demand in the Papakura region. With a clear motivation from the vendors to sell, this property presents a golden chance for potential buyers to enter a thriving market.
Educationally, the property falls within the zones of Kelvin Road School (Decile 1), Papakura Intermediate (Decile 1), and Papakura High School (Year 9-15, Decile 1), ensuring quality education options for families. This combination of prime location, valuation growth, and access to reputable schools makes this property an attractive prospect for both investors and families alike.
Updated on October 04, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 2 | 1 | 80m2 | Year 2024 Month 12 Day 03 | - | Council approved | |
 | 0.24 km | 4 | 2 | 197m2 | Year 2024 Month 09 Day 11 | - | Council approved | |
 | 0.22 km | 3 | 1 | 170m2 | Year 2024 Month 08 Day 14 | - | Council approved | |
 | 0.25 km | 2 | 1 | 70m2 | Year 2024 Month 07 Day 08 | - | Council approved | |
 | 0.19 km | 3 | 2 | -m2 | Year 2024 Month 07 Day 01 | $780,000 | Council approved |