Nestled on a prime freehold section at 32 Kenderdine Road, Papatoetoe, Auckland, this residential property is a gem waiting to be polished. Constructed in 1940 with stone walls and an iron roof, both in good condition, the house boasts 2 bedrooms, 2 carparks, and a generous floor area of 117sqm on a level contour. The 885sqm mixed housing urban zone land provides ample space for renovation and value addition. The capital value has seen a impressive growth of 52.78% from $720,000 in 2017 to $1,100,000 as of June 2021, with the HouGarden AVM estimating it at $1,052,500. This property is perfect for those seeking potential, whether for family or development, with a CV increase that speaks volumes about its investment appeal.
History shows a consistent rise in the property's value, reflecting a sound investment in a rapidly appreciating area. The recent HouGarden AVM and the government's CV are in close alignment, indicating a stable property market. Moreover, the property's last sale history adds to its allure, making it an attractive prospect for buyers.
For families with school-aged children, the property falls within the decile 2 school zones of Kedgley Intermediate, Aorere College, Papatoetoe South School, and Papatoetoe Intermediate, ensuring quality education is within reach. This combination of a solid investment opportunity and access to good schools makes it an ideal choice for both investors and families.
Updated on April 18, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $857,500 | -3.7% | 18 |
2022 | $890,000 | 7.9% | 34 |
2021 | $825,000 | 5.9% | 51 |
2020 | $779,000 | -8.1% | 45 |
2019 | $848,000 | 23.2% | 22 |
2018 | $688,500 | 5.5% | 20 |
2017 | $652,500 | -6.5% | 16 |
2016 | $697,500 | 26.8% | 18 |
2015 | $550,000 | 4.8% | 28 |
2014 | $525,000 | - | 23 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.47 km | 5 | 2 | 159m2 | 2024年02月29日 | $1,195,000 | Council approved | |
 | 0.29 km | 6 | 5 | 289m2 | 2024年02月22日 | $1,215,000 | Council approved | |
 | 0.05 km | 2 | 2 | 116m2 | 2024年01月24日 | $591,500 | Council approved | |
 | 0.07 km | 2 | 1 | 93m2 | 2023年12月21日 | $606,550 | Council approved | |
 | 0.22 km | 2 | 1 | -m2 | 2023年12月20日 | $690,000 | Council approved |