Nestled in the heart of St George Street's shopping hub, this charming residence at 3/35 Wallace Road, Papatoetoe, Auckland, offers an affordable entry into a highly sought-after location. Constructed in 1960 with brick walls and tiled roofing, this 70 square meter, 2-bedroom, 1-bathroom unit with a single carpark is a cozy haven. The property is on a cross-lease title and boasts an average condition for both walls and roof. Notably, the capital value has seen a rapid increase of 27.08%, from $480,000 in 2017 to $610,000 as of June 2021. The HouGarden AVM estimates the property at $592,500, while the latest sales were in 1997 for $155,000 and 1992 for $87,000.
For families, the property falls within the decile 2 Papatoetoe South School and Papatoetoe Intermediate, and the decile 3 Papatoetoe High School zones, ensuring quality education options. This property is perfect for retirees looking to downsize, first-home buyers, and investors, with a fantastic tenant already in place. Its unparalleled accessibility to amenities like New World, the train station, and bus stops makes it an opportunity not to be missed.
With a low-maintenance yard, a garden shed for extra storage, and the convenience of a carport and additional parking, this home invites you to park your car and walk everywhere. After 27 years, it's the first time on the market, so seize the chance to customize this beauty and make it your own.
Updated on August 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.01 km | 2 | 1 | 70m2 | Year 2024 Month 09 Day 20 | - | Council approved | |
 | 0.08 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 13 | - | Council approved | |
 | 0.23 km | 2 | 1 | 88m2 | Year 2024 Month 08 Day 14 | - | Council approved | |
 | 0.14 km | 2 | 1 | 100m2 | Year 2024 Month 07 Day 18 | - | Council approved | |
 | 0.11 km | 2 | 1 | -m2 | Year 2024 Month 06 Day 25 | - | Council approved |