Nestled on a freehold section of 513m2, this charming 3-bedroom weatherboard bungalow at 134 Settlement Road, Papakura, Auckland, is a gem with potential. Constructed in 1950 with wood walls and an iron roof, it boasts an average condition both inside and out. The property features open plan living, polished timber floors, a modern kitchen and bathroom, and the comfort of a heat pump. With a HouGarden AVM of $660,000, the latest sale history shows a significant leap from $28,000 in 1993 to $140,000 in 1996. The government's capital value has also seen a substantial increase from $490,000 in 2017 to $710,000 as of June 2021, marking a growth of 44.89%. For families, the property falls within the Kelvin Road School, Papakura Intermediate, and Papakura High School zones, all with a decile rating of 1.
As for the property's valuation, the rapid CV increase indicates a promising investment. The combination of this property with the adjacent 2/134 Settlement Road offers a total land area of 1011m2, making it an ideal development site. Its quiet cul-de-sac location, with a desirable road frontage, a covered carport, and a fully fenced garden, adds to the appeal for first-time buyers.
When it comes to education, the property is well-situated within a school zone that includes Kelvin Road School, Papakura Intermediate, and Papakura High School, all sharing a decile rating of 1. This indicates a consistent standard of education available in the area.
Updated on May 27, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 20 | - | Council approved | |
 | 0.25 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 01 | - | Council approved | |
 | 0.25 km | 3 | 1 | 100m2 | Year 2024 Month 10 Day 23 | $640,000 | Council approved | |
 | 0.10 km | 3 | 1 | 0m2 | Year 2024 Month 09 Day 01 | $835,000 | Council approved | |
 | 0.13 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 01 | $829,000 | Council approved |