Nestled in the serene environment of 8 Brightwell Street, Papakura, Auckland, this 1967-built freehold property offers a golden opportunity for investors and home enthusiasts. The residence boasts 3 bedrooms, 1 bathroom, and is graced with well-maintained brick walls and a tile roof. With a floor area of 89 square meters and a spacious land area of 701 square meters, it presents a potential canvas for renovation or redevelopment. The property has seen a significant Capital Value (CV) increase of 61.02%, from $590,000 in 2017 to $950,000 as of June 2021. The HouGarden AVM estimates the property's value at $955,000, indicating a promising investment prospect.
History shows a consistent rise in the property's value, making it an attractive option for those seeking long-term growth. The location, zoned for mixed housing suburban, adds to the appeal, being in close proximity to shops and transport links. The property falls within the Cosgrove School, Papakura Intermediate, and Papakura High School zones, all with a decile rating of 1, ensuring quality education for the family.
Whether you're looking to redesign the existing home, land bank, or embark on a development project, this property presents endless possibilities. The current owner has cherished this home for over 50 years, and now it awaits a new owner to unlock its true potential. Don't miss this auction opportunity – this property must be sold!
Updated on September 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 3 | 1 | 91m2 | Year 2025 Month 02 Day 01 | - | Council approved | |
 | 0.24 km | 4 | 3 | 174m2 | Year 2024 Month 12 Day 01 | $955,000 | Council approved | |
 | 0.12 km | 3 | 1 | 110m2 | Year 2024 Month 11 Day 05 | - | Council approved | |
 | 0.10 km | 3 | 2 | 117m2 | Year 2024 Month 10 Day 07 | - | Council approved | |
 | 0.13 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 10 | - | Council approved |