Nestled in the serene cul-de-sac of Kenderdine Road, this 1967-built residential unit boasts 2 bedrooms, 1 bathroom, and a single carpark. The 140sqm floor area is complemented by an open plan kitchen and living, along with a sunroom that could be transformed into a rumpus space. The property sits on a level contour with concrete walls and tiled roofing in average condition. It is registered under a Cross-Lease title. The latest government capital value assessment as of June 2021 is $750,000, showing a significant increase of 17.19% since July 2017. HouGarden's AVM estimates the property at $695,000, while the latest sales were recorded at $470,000 in 2015 and $295,000 in 2010.
For investors and families alike, the property's location in sought-after school zones is a key highlight. Kedgley Intermediate, Aorere College, Papatoetoe South School, and Papatoetoe Intermediate, all with a decile rating of 2, are within reach. This, coupled with its proximity to Puhinui Station, shops, and motorway links, makes it an attractive proposition for rental income or as a first home.
With the owners needing to sell to facilitate their move, this property presents a gain for the savvy buyer. It's a strategic investment opportunity, whether you're looking to generate rental income, develop a modern residential complex, or simply benefit from owning prime real estate in a desirable location.
Updated on May 13, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Papatoetoe South School | 0.07 km | Primary | 1-6 | Government | Co-Educational | EQI: 484 | 2 | |
Aorere College | 2.01 km | Secondary | 9-15 | Government | Co-Educational | EQI: 500 | 2 | |
Kedgley Intermediate | 2.18 km | Secondary | 7-8 | Government | Co-Educational | EQI: 496 | 2 | |
Papatoetoe Intermediate | 2.99 km | Secondary | 7-8 | Government | Co-Educational | EQI: 477 | 2 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $630,000 | -12.1% | 114 |
2022 | $717,000 | 2.4% | 75 |
2021 | $700,000 | 19.7% | 201 |
2020 | $585,000 | 6.4% | 152 |
2019 | $550,000 | - | 118 |
2018 | $550,000 | 0.9% | 115 |
2017 | $545,000 | - | 114 |
2016 | $545,000 | 18% | 156 |
2015 | $462,000 | 30.5% | 191 |
2014 | $354,000 | - | 177 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 5 | 2 | 159m2 | Year 2024 Month 02 Day 29 | $1,195,000 | Council approved | |
 | 0.55 km | 4 | 3 | 194m2 | Year 2024 Month 02 Day 22 | $875,500 | Council approved | |
0.03 km | 2 | 110m2 | Year 2024 Month 01 Day 23 | $750,000 | Council approved | |||
 | 0.54 km | 3 | 140m2 | Year 2023 Month 12 Day 12 | $1,050,000 | Council approved | ||
0.14 km | 2 | 1 | 100m2 | Year 2023 Month 11 Day 30 | $730,500 | Council approved |