Nestled in the heart of Papatoetoe, Auckland, at 1/47 Wallace Road, lies this charming residential unit with a rich history. This 2-bedroom, 2-car park home boasts a floor area of 124 square meters and is built on a level contour with solid brick walls and a tile roof, both in good condition. Constructed in the 1940s, it holds a Cross-Lease title. The capital value has seen a significant increase from $555,000 in 2017 to $670,000 as of June 2021, marking a growth of over 20%.
With a HouGarden AVM of $622,500, this property also boasts a recent sale history. The government valuation growth reflects the investment potential of this property. The current owners, who have been here for over 70 years, have cherished the home and the area, which is evident in the well-maintained condition of the property.
For families, the school network is a key highlight. The property falls within the zones of Papatoetoe South School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring quality education for all ages. Located in a quiet cul-de-sac, it’s just a two-minute walk to the Papatoetoe Mall and other amenities, with public transport conveniently close by.
Updated on June 27, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.29 km | 2 | 1 | 120m2 | Year 2024 Month 04 Day 16 | $1,120,000 | Council approved | |
 | 0.05 km | 3 | 2 | 96m2 | Year 2024 Month 04 Day 09 | $628,000 | Council approved | |
 | 0.24 km | 6 | 5 | 289m2 | Year 2024 Month 02 Day 22 | $1,215,000 | Council approved | |
 | 0.05 km | 2 | 1 | 70m2 | Year 2024 Month 02 Day 02 | $695,000 | Council approved | |
0.21 km | 5 | 1 | 143m2 | Year 2024 Month 02 Day 01 | $1,240,000 | Council approved |