Located at 2/2 Thorn Place, Papatoetoe, Auckland - Manukau, this charming residential property offers a unique blend of comfort and convenience. Boasting three bedrooms, one bathroom, and one carpark, this home spans a floor area of 90m². Constructed in 1977 with fibrous cement walls and tile roofing, both in good condition, this cross-lease property sits on a level contour, making it an ideal choice for families or investors. The property falls under the 'Residential - Ownership home units' category, highlighting its appeal in the ever-popular Papatoetoe area.
Over the years, the capital value of this property has seen a significant increase, from $460,000 in July 2017 to $590,000 in June 2021, marking a 28.26% growth. The latest HouGarden AVM estimates its value at $562,500. It has a history of sales, with the most recent transaction at $550,000 on January 2, 2024, and a previous sale at $320,000 on December 12, 2014. This property's financial trajectory indicates a robust investment opportunity, especially considering its rental income of $650 per week.
In terms of education, the property is zoned for Papatoetoe Intermediate (decile 2), Papatoetoe High School (decile 3), and Papatoetoe East School (decile 2), offering a range of schooling options for families. Its location ensures easy access to essential amenities, public transportation, and recreational spaces, making it a highly desirable residence for both first-time buyers and seasoned investors.
Updated on April 05, 2024.
Year | Median price | Growth | Sales count |
---|---|---|---|
2023 | $765,000 | -8.1% | 75 |
2022 | $832,500 | 1.5% | 62 |
2021 | $820,500 | 19.8% | 132 |
2020 | $685,000 | 9.3% | 87 |
2019 | $627,000 | -1.5% | 85 |
2018 | $636,250 | -2.9% | 114 |
2017 | $655,000 | 2.4% | 67 |
2016 | $639,500 | 16.3% | 86 |
2015 | $550,000 | 35.8% | 133 |
2014 | $405,000 | - | 93 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
0.10 km | 2 | 1 | -m2 | 2024年03月11日 | $450,000 | Council approved | ||
0.12 km | 2 | 1 | 95m2 | 2024年03月05日 | $620,080 | Council approved | ||
0.12 km | 2 | 1 | 95m2 | 2023年11月28日 | $527,000 | Council approved | ||
0.14 km | 5 | 3 | -m2 | 2023年11月01日 | - | Council approved | ||
0.32 km | 2 | 1 | -m2 | 2023年11月01日 | - | Council approved |