Nestled on a level plot at 85 Old Wairoa Road, Papakura, this residential vacant land holds the potential for multiple housing, with a current Capital Value (CV) of $1,100,000 as of June 2021. The 721m2 freehold property, built in 1963 with mixed materials for walls and iron for the roof, both in good condition, includes a 98m2 floor area. It features 3 bedrooms, 1 bathroom, and a lock-up garage, with a fully fenced backyard. Notably, the property is in a Mixed Housing Urban Zone, approximately a 3-minute drive to Papakura Town Centre and a 15-minute drive to Manukau Town Centre.
Since July 2017, the CV has seen a substantial increase of 71.875%, reflecting a growing property value. The HouGarden AVM estimates the property at $1,072,500, while the latest sales were recorded at $1,130,000 in June 2024 and $1,050,000 in April 2021. This indicates a promising investment opportunity in a subdivisible section, subject to council approval.
For families, the property falls within the Cosgrove School, Papakura Intermediate, and Papakura High School zones, all with a decile rating of 1. This quiet cul-de-sac offers a solid foundation for both living and investment, with convenient access to amenities and education.
Updated on August 01, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.07 km | 3 | 1 | -m2 | Year 2025 Month 01 Day 01 | - | Council approved | |
 | 0.18 km | 3 | 126m2 | Year 2024 Month 12 Day 03 | $855,000 | Council approved | ||
 | 0.12 km | 3 | 160m2 | Year 2024 Month 11 Day 18 | $892,500 | Council approved | ||
 | 0.16 km | 4 | 2 | 186m2 | Year 2024 Month 10 Day 17 | - | Council approved | |
 | 0.14 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 13 | - | Council approved |