Nestled in a serene cul-de-sac at 1/69 Settlement Road, Papakura, Auckland, this residential dwelling is a perfect starter home or investment opportunity. Constructed in 1978 with brick walls and tiled roofing, the unit features 2 bedrooms, a modern open-plan kitchen with a dishwasher, and a comfortable living area heated by a heat pump. The property sits on a level contour with average wall and roof conditions, and is governed by a Unit Title. Notably, the Capital Value (CV) has seen a significant increase from $540,000 in July 2017 to $750,000 as of June 2021, reflecting a growth of 38.89%. The latest sale was recorded on June 21, 2019, at $470,000, while the HouGarden AVM estimates the property's value at $720,000.
For families with children, the property falls within the zone of Edmund Hillary School (Full Primary, Decile 1), Papakura Intermediate (Decile 1), and Papakura High School (Secondary, Year 9-15, Decile 1), ensuring top-notch education is within easy reach. Its convenient location near schools, the township, supermarkets, and public transport, including the train station and motorway access, further enhances its investment potential.
With a manicured outdoor space and a single internal access lock-up garage, this property is not only a solid brick beginner but also a golden opportunity to let your investment grow.
Updated on October 22, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.03 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | $625,500 | Council approved | |
 | 0.08 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.09 km | 3 | 1 | 170m2 | Year 2024 Month 08 Day 14 | - | Council approved | |
 | 0.07 km | 3 | 1 | 100m2 | Year 2024 Month 07 Day 17 | - | Council approved | |
 | 0.07 km | 3 | 1 | 100m2 | Year 2024 Month 06 Day 25 | $570,000 | Council approved |