Nestled in a serene cul-de-sac at 38 Pukeroa Place, Papakura, Auckland, this 1975-built residential property offers a promising investment opportunity. The 3-bedroom, 1-bathroom house with a floor area of 92 sqm sits on a spacious freehold land of 701 sqm. The property features fibrous cement walls in fair condition and tiled roofing in average condition. The capital value has seen a significant increase from $560,000 in 2017 to $910,000 in 2021, reflecting a growth of 62.5%. This is a perfect blend of nostalgia and potential, waiting to be transformed by a handyman's touch or developed into something more substantial, subject to council approval.
With a HouGarden AVM of $872,500, the property presents a compelling case for investors and developers. The recent sale history and government valuation only add to the allure of this property, which includes a double garage and is located in a mixed housing suburban zone. It's conveniently positioned near Papakura train station, bus stops, supermarkets, and motorways, enhancing its connectivity and appeal.
For families with children, the property falls within the Cosgrove School, Papakura Intermediate, and Papakura High School zones, all with a decile rating of 1. This opportunity is not to be missed, as it offers a chance to secure a prime piece of real estate in a sought-after school district.
Updated on April 26, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 01 | $650,000 | Council approved | |
 | 0.11 km | 2 | 1 | 71m2 | Year 2024 Month 09 Day 23 | $575,000 | Council approved | |
0.14 km | 4 | 2 | 132m2 | Year 2024 Month 09 Day 01 | $860,000 | Council approved | ||
 | 0.04 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 01 | $630,000 | Council approved | |
0.14 km | 3 | 2 | 103m2 | Year 2024 Month 08 Day 01 | $800,000 | Council approved |