Welcome to 2/99 Station Road, Papatoetoe, a charming residential unit with a strong potential for investment. This property, built in 1976 with concrete walls and tiled roof, is in good condition and offers 2 bedrooms, 1 bathroom, and a single car internal garage. It stands on a level contour with a floor area of 97sqm, under the Unit Title ownership. The capital value has shown a significant increase of 26% from $500,000 in 2017 to the current $630,000 as of June 2021. The HouGarden AVM estimates the property at $602,500, while the latest sale was recorded at $550,000 in August 2022.
From a valuation perspective, this property has a promising history with a clear trend of capital value growth. The recent sale history also indicates a positive market sentiment. This is a perfect opportunity for investors or families looking for a home in a convenient location with good schools. The nearby schools, Kedgley Intermediate, Aorere College, and Papatoetoe West School, are all rated with a decile of 2, reflecting a good standard of education in the area.
Station Road is a quiet cul-de-sac, providing a peaceful living environment. The property is close to amenities and public transportation, offering a comfortable and convenient lifestyle. Don't miss the chance to secure this brick and tile beauty as your dream home or investment.
Updated on May 02, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $595,000 | -5% | 29 |
2022 | $626,250 | -10.4% | 40 |
2021 | $699,000 | 7.7% | 59 |
2020 | $649,000 | 14.9% | 88 |
2019 | $565,000 | 5.6% | 33 |
2018 | $535,000 | 11.5% | 47 |
2017 | $480,000 | 2.1% | 31 |
2016 | $470,000 | 26% | 53 |
2015 | $373,000 | 14.4% | 49 |
2014 | $326,000 | - | 39 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 2 | 1 | 100m2 | Year 2024 Month 04 Day 10 | $557,500 | Council approved | |
 | 0.22 km | 2 | 1 | -m2 | Year 2024 Month 04 Day 02 | $535,000 | Council approved | |
 | 0.29 km | 4 | 2 | 0m2 | Year 2024 Month 04 Day 01 | $835,000 | Council approved | |
 | 0.15 km | 5 | 2 | -m2 | Year 2024 Month 03 Day 01 | - | Council approved | |
 | 0.20 km | 3 | 2 | -m2 | Year 2024 Month 03 Day 01 | $909,000 | Council approved |