Nestled on a serene cul-de-sac at 79 Willis Road, Papakura, Auckland, this vacant land with a Freehold title boasts a promising future. Constructed in 1954 with wood exterior walls and tiled roofing, the property presents an average condition throughout. Spanning 997 square meters, with a potential floor area of 114 square meters, this plot is perfect for developers seeking to capitalize on the increasing Capital Value (CV), which has seen an impressive growth of 81.82% from $660,000 in 2017 to $1,200,000 as of June 2021. The site, with building consents in place and resource consent approved for 16 one-bedroom units, is a golden opportunity for those looking to make a mark in the property market.
With a HouGarden AVM valuation of $1,150,000 and a recent sale history of $800,000 in August 2020, this property is a steal for the right buyer. The current owner is motivated to sell, making it an ideal scenario for a quick and hassle-free start to your development project. The deadline for offers is 4pm on 8 October 2024, so act now to secure this premium site at a competitive price.
For families, the property falls within the Kelvin Road School, Papakura Intermediate, and Papakura High School zones, all with a decile rating of 1. This indicates a supportive community with a focus on education, making it an excellent investment for both current and future generations.
Updated on October 04, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.28 km | 3 | 1 | 90m2 | Year 2024 Month 10 Day 08 | $765,000 | Council approved | |
 | 0.23 km | 4 | 2 | 197m2 | Year 2024 Month 09 Day 11 | - | Council approved | |
 | 0.22 km | 3 | 1 | 120m2 | Year 2024 Month 09 Day 01 | $750,000 | Council approved | |
 | 0.20 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 01 | $775,000 | Council approved | |
 | 0.18 km | 3 | 1 | 90m2 | Year 2024 Month 08 Day 05 | $730,000 | Council approved |