Nestled on a freehold land of 938sqm at 16 Charles Street, Papatoetoe, Auckland, this residential property with a 1956 vintage is a goldmine for developers and investors. It boasts a floor area of 118sqm, with three bedrooms, one bathroom, and a single carpark. The mixed-material exterior walls and iron roof are in average condition, ready for your creative touch. The property has seen a significant Capital Value (CV) increase of 86.11% from $900,000 in 2017 to $1,675,000 as of June 2021. HouGarden AVM estimates it at $1,607,500, while the latest sales history shows a jump from $130,000 in 1994 to $303,000 in 2004, indicating a promising investment opportunity.
For families, the property falls within the decile 2 Papatoetoe Intermediate, decile 4 Papatoetoe Central School, and decile 3 Papatoetoe High School zones, ensuring quality education for all ages. This is not just a house; it's a potential-filled property in a prime location, zoned for Terrace Housing & Apartment Zone, waiting to be transformed.
Don't let this chance slip by. Imagine the possibilities of this conveniently located property in a quiet cul-de-sac, with easy access to amenities and public transport. It's time to seize the day and make this developer's dream a reality.
Updated on April 26, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $885,000 | -6.8% | 149 |
2022 | $950,000 | -5% | 136 |
2021 | $1,000,000 | 14.9% | 261 |
2020 | $870,000 | 17.6% | 207 |
2019 | $740,000 | 0.1% | 183 |
2018 | $739,000 | -4.6% | 215 |
2017 | $775,000 | -0.6% | 165 |
2016 | $780,000 | 16.4% | 235 |
2015 | $670,000 | 30.7% | 274 |
2014 | $512,500 | - | 261 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 3 | 2 | 0m2 | 2024年04月30日 | $748,000 | Council approved | |
 | 0.09 km | 2 | 1 | 80m2 | 2024年04月19日 | $675,000 | Council approved | |
0.34 km | 4 | 190m2 | 2024年02月07日 | $1,250,000 | Council approved | |||
 | 0.19 km | 3 | 2 | 131m2 | 2023年12月22日 | $785,000 | Council approved | |
 | 0.34 km | 4 | 1 | 160m2 | 2023年11月23日 | $1,370,000 | Council approved |