Nestled on a sprawling 1055 sqm of prime Papatoetoe real estate, this freehold property at 19 Alexander Avenue is a gem waiting to be polished. Constructed in 1960 with a mix of materials for the walls and tiles for the roof, it presents a solid foundation for potential investors and developers. The interior spans 184 square meters, boasting four bedrooms and ample parking for one car. The master bedroom features a balcony, offering a versatile space that could double as a lounge or entertainment area. The property's CV has seen a significant increase from $1,130,000 in 2017 to $1,600,000 as of June 2021, reflecting a growth rate of 41.59%. The HouGarden AVM estimates the property's value at $1,532,500, making it an attractive prospect for land bankers and those with an eye for development opportunities.
With a 12-month settlement option, the future owner has the flexibility to plan for the property's potential, whether it be a secondary dwelling or a full subdivision, subject to consent. The location is second to none, just a 5-minute stroll to the train station, with accessible bus routes and convenient motorway access. The property falls within the zones of Papatoetoe Intermediate and Papatoetoe High School, both with decile ratings of 2 and 3 respectively, ensuring quality education for the family. Close proximity to Manukau City, Papatoetoe town center, and parks further enhances the appeal of this property, making it a compelling choice for those seeking accessibility and convenience.
For developers and families alike, this property offers a rare combination of a desirable suburb, a promising investment, and a network of reputable schools. Interest is expected to be high, and prompt action is recommended to secure this opportunity.
Updated on April 15, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,010,000 | -9.3% | 85 |
2022 | $1,113,500 | 1.2% | 72 |
2021 | $1,100,000 | 18.9% | 148 |
2020 | $925,000 | 6.9% | 139 |
2019 | $865,000 | 1.1% | 108 |
2018 | $856,000 | -3.3% | 102 |
2017 | $885,000 | 4.1% | 81 |
2016 | $850,000 | 13.3% | 103 |
2015 | $750,000 | 25% | 126 |
2014 | $600,000 | - | 149 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 2 | 90m2 | 2024年04月09日 | $690,000 | Council approved | |
 | 0.24 km | 2 | 1 | 66m2 | 2024年03月26日 | $585,000 | Council approved | |
 | 0.18 km | 3 | 1 | -m2 | 2024年01月31日 | $1,200,000 | Council approved | |
0.15 km | 2 | 1 | 66m2 | 2024年01月16日 | $581,497 | Council approved | ||
0.24 km | 3 | 115m2 | 2023年11月30日 | $900,000 | Council approved |