Nestled in the serene cul-de-sac of Laureston Avenue, this 1960-built, freehold property boasts a generous floor area of 112sqm on an expansive 809sqm section. It features 3 bedrooms, 2 bathrooms, and 2 car parks, all sheltered under an iron roof with wooden exterior walls in average condition. The property, with a current Capital Value (CV) of $1,300,000, has seen a remarkable increase of 94.03% from its previous CV of $670,000 in 2017. This prime real estate is not just a dwelling but a golden opportunity for developers, coming with approved Resource Consent, EPA, and Building Consent for a 5-lot development project.
As for its financial history, the property's HouGarden AVM is estimated at $1,245,000, with the latest sales recorded at $1,320,000 on August 24, 2023, and $1,600,000 on October 13, 2021. The CV growth and sales history reflect the property's increasing value and potential in the thriving suburb of Papatoetoe, Auckland.
For families with children, the property falls within the zones of highly regarded schools such as Otahuhu College (Decile 1), Papatoetoe Intermediate (Decile 2), and Papatoetoe Central School (Decile 4), ensuring access to quality education. This is a chance to invest not just in property, but in a community with a promising future.
Updated on October 22, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.33 km | 5 | 2 | 284m2 | Year 2024 Month 11 Day 19 | - | Council approved | |
 | 0.30 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 11 | - | Council approved | |
 | 0.30 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 22 | - | Council approved | |
 | 0.30 km | 4 | 3 | -m2 | Year 2024 Month 09 Day 01 | $950,000 | Council approved | |
 | 0.24 km | 3 | 2 | 124m2 | Year 2024 Month 08 Day 16 | - | Council approved |