Nestled in the heart of Papatoetoe, Auckland, at 10/243a Saint George Street, lies a charming 1-bedroom unit, ideal for first-time buyers or those seeking to downsize. This residential apartment, built in 1978 with brick walls and tiled roof, offers a floor area of 46 square meters and is under the Unit Title ownership. Notably, the property has seen a significant Capital Value (CV) increase of 36.67% from $300,000 in 2017 to $410,000 as of June 2021. The property is in a level contour, with average wall and roof conditions, and comes with a carpark.
Valuation history shows a promising trend, with the HouGarden AVM estimating the property at $392,500. The latest sale was recorded at $375,000 in February 2024, a substantial rise from the $160,000 sale in 2006. This indicates a healthy investment potential.
For families, the property falls within the zones of Papatoetoe Intermediate (Decile 2), Papatoetoe Central School (Decile 4), and Papatoetoe High School (Decile 3), offering a range of educational options. This combination of affordability, convenient location, and access to quality schooling makes it an attractive proposition for both homeowners and investors.
Updated on April 17, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.02 km | 1 | 1 | 46m2 | Year 2024 Month 09 Day 25 | - | Council approved | |
 | 0.07 km | 2 | 1 | 87m2 | Year 2024 Month 09 Day 12 | $637,000 | Council approved | |
 | 0.14 km | 4 | 3 | 157m2 | Year 2024 Month 08 Day 16 | - | Council approved | |
 | 0.13 km | 2 | 1 | -m2 | Year 2024 Month 08 Day 01 | $735,000 | Council approved | |
 | 0.03 km | 1 | 1 | -m2 | Year 2024 Month 07 Day 01 | $338,000 | Council approved |