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3/2 Parson Lane, Papatoetoe, Auckland - Manukau

2

1

66m²

Nestled in the heart of Papatoetoe, Auckland - Manukau, the property at 3/2 Parson Lane offers a modern living experience with its 2 bedrooms, 1 bathroom, and a single carpark. Spanning a floor area of 66 square meters, this residential unit, categorized under 'Residential - Ownership home units', boasts mixed materials for its walls and an iron roof, both in good condition. Built in 2022, it sits on a level contour with a Unit Title ownership type, ensuring a secure investment in a sought-after location.

The property has seen a dynamic financial journey, starting with a capital value of $665,000 as of June 2021. Despite the fluctuating market, the latest HouGarden AVM estimates stand at $637,500. Its sale history underscores its value, with the most recent transaction on January 16, 2024, at $581,497, following a previous sale on June 2, 2020, for $659,000. This trajectory reflects the property's resilience and potential for growth in the bustling Auckland market.

Education is a cornerstone of the Papatoetoe community, and this property falls within the zones of several key institutions. Papatoetoe Intermediate, with a decile rating of 2, caters to intermediate-level students. For secondary education, Papatoetoe High School, also within reach, has a decile rating of 3. Additionally, Papatoetoe East School, serving contributing levels with a decile rating of 2, ensures a range of educational options for families.

Updated on April 06, 2024.

Council Data

Last update : 2025 01 15

Improvement value$265,000

Land value$400,000

CV(Year 2021 Month 06)$665,000

DeckYes

View typeNo appreciable view

ContourLevel

Floor area66m²

Decade of construction2022

Title1007743

Type of titleUnit Title

Legal descriptionAU 99P DP 564955, PRIN 99 DP 564955

CouncilAuckland - Manukau

Estate descriptionSTFH,1/1,PRINCIPAL UNIT 99 DEPOSITED PLAN 564955 AND ACCESSORY UNIT 99P DEPOSITED PLAN 564955

Council rates$2,199.72
2023/2024

ConditionExternal Walls: Good
Roof: Good

ZoningResidential - Mixed Housing Suburban Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Papatoetoe High School	0.32 km	Secondary	9-15	Government	Co-Educational	EQI: 476	3	Detail
Papatoetoe East School	0.52 km	Primary	1-6	Government	Co-Educational	EQI: 463	2	Detail
Papatoetoe Intermediate	1.87 km	Secondary	7-8	Government	Co-Educational	EQI: 477	2	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone

Land:-

Title:Unit Title

Surrounding facilities

Parson Lane Neighborhood and Surrounding Data
Parson Lane neighborhood is a sub-region located within Papatoetoe city

Suburbs

Data analysis - Papatoetoe properties data

Sales count(Last 12 months)

22View

Type: Unit

Sales median price(Last 12 months)

$574,000

Low: $290,000, High: $850,000

Rent median price(Last 12 months)

$550

Low: $395, High: $680

Papatoetoe property trend

Year	Median price	Growth	Sales count
2024	$578,000	-2.6%	23
2023	$593,500	-5.2%	30
2022	$626,250	-10.4%	40
2021	$699,000	7.7%	59
2020	$649,000	14.9%	89
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

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
40 Alexander Avenue, Papatoetoe	0.12 km	3	1	-m²	Year 2024 Month 11 Day 01	-	Council approved
A/27 Alexander Avenue, Papatoetoe	0.21 km	2	1	56m²	Year 2024 Month 10 Day 16	$466,000	Council approved
2/23 Hamilton Road, Papatoetoe	0.29 km	3	1	80m²	Year 2024 Month 10 Day 01	$703,000	Council approved
Lot 4, Papatoetoe	0.26 km	2	1	-m²	Year 2024 Month 07 Day 31	-	Council approved
1/11 Mangarata Avenue, Papatoetoe	0.28 km	4	3	120m²	Year 2024 Month 07 Day 30	-	Council approved