Nestled at the zenith of a serene cul-de-sac on Kokako Rise, Papakura, this exquisite freehold property boasts a capital value of $930,000 as of June 2021, marking a 20.78% increase from its $770,000 valuation in July 2017. Constructed in 2009 with iron roofing and wooden walls in good condition, this two-storey residence spans a floor area of 183sqm on a generous 451sqm section with a steep fall contour. The home, with its four ample bedrooms and 2.5 bathrooms, features an additional granny flat that provides a separate one-bedroom retreat, ideal for guests or as a potential source of income. The property is graced with uninterrupted views, backing onto a reserve, and is perfect for families, investors, or first-time buyers seeking a blend of comfort, style, and natural beauty. Notably, the property falls within the Kelvin Road School, Papakura Intermediate, and Papakura High School zones, all rated decile 1, ensuring quality education for the family.
As per the HouGarden AVM, the property is estimated at $892,500, while the latest sale record in 2009 was $443,000. This indicates a promising investment with a significant capital value growth potential.
For families with children, the property is within the catchment area of Kelvin Road School, Papakura Intermediate, and Papakura High School, all of which are decile 1 institutions, providing a solid foundation for education.
Updated on April 18, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $885,000 | -12% | 87 |
2022 | $1,006,000 | 0.6% | 92 |
2021 | $1,000,000 | 24.2% | 243 |
2020 | $805,000 | 13.4% | 190 |
2019 | $710,000 | -3.2% | 167 |
2018 | $733,500 | 1.2% | 152 |
2017 | $725,000 | 11.5% | 153 |
2016 | $650,000 | 19.3% | 187 |
2015 | $545,000 | 26.7% | 197 |
2014 | $430,000 | - | 135 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.64 km | 3 | 2 | -m2 | 2024年04月22日 | $740,000 | Council approved | |
 | 0.49 km | 3 | 2 | -m2 | 2024年02月28日 | $755,000 | Council approved | |
 | 0.33 km | 4 | 2 | -m2 | 2023年12月13日 | $885,000 | Council approved | |
 | 0.59 km | 3 | 2 | 100m2 | 2023年12月06日 | - | Council approved | |
0.66 km | 4 | 3 | 168m2 | 2023年11月23日 | $990,000 | Council approved |