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20/124 Kolmar Road, Papatoetoe, Auckland - Manukau, 1 Bedrooms, 1 Bathrooms, Unit

Sold: $335,000

Sold on 2024 Year 2024 Month 10 Day 01

20/124 Kolmar Road, Papatoetoe, Auckland - Manukau

1
1
47m2

Nestled in the heart of Papatoetoe, this meticulously maintained, ground-floor unit at 20/124 Kolmar Road offers an inviting and efficient living space. Constructed in 1970 with mixed materials for the walls and iron for the roof, this 47 square meter Unit Title property boasts 1 bedroom, 1 bathroom, and a carpark, all in a good condition. The property is situated in a level contour, enhancing its appeal.

With a CV of $330,000 in 2017, the property has seen a significant increase to $380,000 as of June 2021, reflecting a growth rate of 15.15%. The HouGarden AVM estimates the property's value at $362,500, while the latest sales were recorded at $370,000 in 2020 and $150,000 in 2010. These figures present a promising investment opportunity in a rapidly appreciating market.

For families, the property falls within the zones of Papatoetoe West School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring access to quality education. This combination of prime location, solid property value growth, and educational opportunities makes it an ideal choice for both investors and homeowners.

Updated on October 21, 2024

Council Data

Last update : 2025 01 22
Improvement value$140,000Increased by 16% from year 2017
Land value$240,000Increased by 14% from year 2017
CV(Year 2021 Month 06)$380,000Increased by 15% from year 2017
DeckYes
View typeNo appreciable view
ContourLevel
Floor area47m²
Decade of construction1970
TitleNA51C/245
Type of titleUnit Title
Legal descriptionAU 38 DP 95374, AU 47 DP 95374, AU 8 DP 95374, UNIT H DP 95374
CouncilAuckland - Manukau
Estate descriptionSTFH,1/1,UNIT H AND ACCESSORY UNIT 8, 38 AND 47 DEPOSITED PLAN 95374
Council rates$1,663.21
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Papatoetoe Intermediate
1.08 km
Secondary
7-8
Government
Co-Educational
EQI: 477
2
Papatoetoe West School
1.11 km
Primary
1-6
Government
Co-Educational
EQI: 471
2
Papatoetoe High School
1.48 km
Secondary
9-15
Government
Co-Educational
EQI: 476
3

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Unit Title

Surrounding facilities

Kolmar Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Papatoetoe properties data
Sales count(Last 12 months)
10View
Type: Unit
Sales median price(Last 12 months)
$361,500
Low: $320,000, High: $452,000
Rent median price(Last 12 months)
$450
Low: $300, High: $550
Papatoetoe property trend
Year
Median price
Growth
Sales count
2024
$361,500
6.2%
10
2023
$340,500
-19.9%
2
2022
$425,000
6.3%
11
2021
$400,000
-9.1%
23
2020
$440,000
54.1%
13
2019
$285,500
-25.8%
10
2018
$385,000
-4.3%
7
2017
$402,500
5.4%
4
2016
$382,000
22.2%
7
2015
$312,500
53.6%
6
2014
$203,500
-
8

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
2/124 Kolmar Road, Papatoetoe
0.06 km
1
1
-m2
Year 2024 Month 11 Day 01
$345,000
Council approved
116 Kolmar Road, Papatoetoe
0.09 km
7
4
316m2
Year 2024 Month 08 Day 23
-
Council approved
4A Weston Avenue, Papatoetoe
0.14 km
3
2
131m2
Year 2024 Month 08 Day 16
$868,000
Council approved
181A Rangitoto Road, Papatoetoe
0.07 km
2
1
155m2
Year 2024 Month 08 Day 14
$635,000
Council approved
3/9 Oakland Avenue, Papatoetoe
0.24 km
2
1
90m2
Year 2024 Month 08 Day 13
-
Council approved

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