Located at 25 Alexander Avenue, Papatoetoe, Auckland - Manukau, this property is a gem in Papatoetoe's prestigious area. With a land area of 675m2 and a floor area of 106m2, this Freehold property features 3 bedrooms, 1 bathroom, and a single carpark. The dwelling, built in 1970, boasts brick walls in good condition and a tiled roof also in good condition. The level contour of the property enhances its appeal, making it an ideal choice for developers or astute buyers looking for future development opportunities. The property is currently zoned as Residential - Mixed Housing Suburban, offering significant developmental potential subject to Council's approval.
Over the years, the capital value of this property has seen a notable increase, from $880,000 in July 2017 to $1,025,000 in June 2021, marking a 16.47% growth. The HouGarden AVM estimates its value at $980,000. Historical sales data reveals a sale for $531,000 in January 2014, following a previous sale at $460,000 in November 2013. This trajectory underscores the property's appreciating value and potential for future growth.
The property falls within the school zones of Papatoetoe Intermediate (decile 2), Papatoetoe High School (decile 3), and Papatoetoe East School (decile 2), making it an attractive option for families prioritizing education. Its proximity to local amenities, main arterial routes, public transport, Manukau Shopping Centre, and Manukau Train Station further enhances its desirability.
Updated on April 05, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.31 km | 2 | 1 | 56m2 | Year 2024 Month 10 Day 16 | $466,000 | Council approved | ||
 | 0.17 km | 5 | 3 | -m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.09 km | 2 | 1 | -m2 | Year 2024 Month 07 Day 31 | - | Council approved | |
 | 0.16 km | 4 | 3 | 120m2 | Year 2024 Month 07 Day 30 | - | Council approved | |
 | 0.12 km | 3 | 2 | -m2 | Year 2024 Month 07 Day 01 | $790,000 | Council approved |