This delightful 3-level cross-lease home located at 2/43 Wallace Road, Papatoetoe, Auckland - Manukau, offers a unique blend of comfort and potential. With 2 cozy bedrooms, 2 well-appointed bathrooms, and the convenience of 2 car parks, this property spans over a floor area of 116 sqm. The home, built in 1970, features mixed materials for the walls and an iron roof, both in good condition. The level property contour adds to its charm, making it an attractive option for families and investors alike.
Over the years, the capital value of this property has seen a significant increase, from $610,000 in July 2017 to $720,000 in June 2021, marking an 18.03% growth. Despite the HouGarden AVM estimating its value at $690,000, the latest sale on January 24, 2024, was recorded at $591,500, showcasing the property's potential for value appreciation. This home, nestled in a sought-after location, presents an excellent opportunity for refurbishment and value addition.
Located in a prime school zone, this property offers access to Papatoetoe South School (decile 2), Papatoetoe Intermediate (decile 2), and Papatoetoe High School (decile 3), catering to a wide range of educational needs from contributing to secondary levels. The proximity to schools, amenities, and major motorways enhances its appeal, making it a desirable choice for families looking for convenience and quality education.
Updated on April 06, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $629,500 | -12.2% | 108 |
2022 | $717,000 | 2.4% | 75 |
2021 | $700,000 | 19.7% | 201 |
2020 | $585,000 | 6.4% | 152 |
2019 | $550,000 | - | 118 |
2018 | $550,000 | 0.9% | 115 |
2017 | $545,000 | - | 114 |
2016 | $545,000 | 18% | 156 |
2015 | $462,000 | 30.5% | 191 |
2014 | $354,000 | - | 177 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.01 km | 3 | 2 | 96m2 | 2024年04月09日 | $628,000 | Council approved | |
 | 0.02 km | 2 | 1 | 70m2 | 2024年02月02日 | $695,000 | Council approved | |
 | 0.07 km | 2 | 1 | 93m2 | 2023年12月21日 | $606,550 | Council approved | |
 | 0.19 km | 3 | 1 | 100m2 | 2023年12月05日 | - | Council approved | |
 | 0.14 km | 2 | 1 | 80m2 | 2023年11月15日 | $700,000 | Council approved |