Nestled in the vibrant suburb of Papatoetoe, Auckland, this delightful 2-bedroom unit is a gem on Shirley Road. Constructed in 1982 with robust brick walls and tiled roofing, the property stands firm with a good wall and roof condition. It is a cross-lease ownership, offering a floor area of 95 square meters and a single carpark. The capital value has seen a rapid increase, rising from $620,000 in 2017 to the current $730,000 as of June 2021, indicating a growth rate of 17.74%. This is a home that not only promises comfort but also potential investment returns.
With a HouGarden AVM of $710,000 and a latest sale history of $690,000 in June 2021, following a sale of $210,000 in 1997, the property presents a consistent value appreciation. It's a clear indicator of a sound investment in a sought-after location. The property's convenient access to amenities, transport, Middlemore Hospital, and spiritual centers, adds to its allure.
For families with children, the property falls within the zones of Papatoetoe Intermediate (Decile 2), Papatoetoe Central School (Decile 4), and Papatoetoe High School (Decile 3), ensuring quality education at various levels. This charming unit is not just a starter home; it's an opportunity knocking at your door.
Updated on August 30, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 2 | 116m2 | Year 2024 Month 09 Day 26 | $565,000 | Council approved | |
 | 0.23 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 09 | - | Council approved | |
 | 0.18 km | 4 | 2 | 174m2 | Year 2024 Month 08 Day 23 | - | Council approved | |
 | 0.17 km | 3 | 2 | 114m2 | Year 2024 Month 08 Day 22 | - | Council approved | |
 | 0.17 km | 2 | 1 | 94m2 | Year 2024 Month 08 Day 04 | $602,500 | Council approved |