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4/42a Park Avenue, Papatoetoe, Auckland - Manukau, 2 Bedrooms, 1 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 04 Day 19

4/42a Park Avenue, Papatoetoe, Auckland - Manukau

2
1
90m2

Nestled in the heart of Papatoetoe, this well-maintained 2-bedroom, 1-bathroom townhouse with a single carpark is a gem in the residential apartment category. Constructed in 2002, the property boasts roughcast walls and an iron roof, both in good condition, and is situated on a level contour. It holds a Unit Title and offers a private courtyard for outdoor enjoyment. Notably, the property has seen a significant Capital Value (CV) increase from $455,000 in July 2017 to $540,000 as of June 2021, reflecting a growth rate of 18.68%. The HouGarden AVM estimates the property's value at $520,000, while the latest sales history shows transactions at $190,000 in 2009 and $225,000 in 2008. Currently rented at $530 a week, it presents a lucrative investment with immediate returns.

For families, the property falls within the decile 2 school zones of Papatoetoe North School, Kedgley Intermediate, and Aorere College, ensuring quality education options for children of all ages. The location provides easy access to public transport and motorways, enhancing its appeal. With a clear instruction to sell from the owners, this property offers a substantial opportunity for a discerning buyer. It's worth noting that while consent has been approved, a final Code Compliance Certificate (CCC) is pending and may require an inspection to ensure compliance with the approved plans and standards.

Don't miss the chance to make an offer on this reduced-price property in a sought-after school zone!

Updated on April 22, 2024

Council Data

Last update : 2024 06 12
Improvement value$150,000Increased by 25% from year 2017
Land value$390,000Increased by 16% from year 2017
CV(Year 2021 Month 06)$540,000Increased by 18% from year 2017
View typeNo appreciable view
ContourLevel
Floor area90m²
Decade of construction2002
Title46148
Type of titleUnit Title
Legal descriptionUNIT D DP 311687
CouncilAuckland - Manukau
Estate descriptionSTFH,1/1,UNIT D AND ACCESSORY UNIT 7-8, 16, 19 AND 1/17 SHARE OF ACCESSORY UNIT 1 DEPOSITED PLAN 311687
Council rates$1,964.40 2023/2024
ConditionExternal Walls: Good Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Kedgley Intermediate
0.46 km
Secondary
7-8
Government
Co-Educational
EQI: 496
2
Papatoetoe North School
0.72 km
Primary
1-6
Government
Co-Educational
EQI: 468
2
Aorere College
0.77 km
Secondary
9-15
Government
Co-Educational
EQI: 500
2

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Unit Title
Zoning
Underground
Contour
State houses
Flood zone

Suburbs

Data analysis - Papatoetoe properties data
Papatoetoe property trend
Year
Median price
Growth
Sales count
2023
$595,000
-5%
29
2022
$626,250
-10.4%
40
2021
$699,000
7.7%
59
2020
$649,000
14.9%
88
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
12 Lendenfeld Drive
0.18 km
3
1
90m2
Year 2024 Month 06 Day 13
$740,000
Council approved
1/44 Park Avenue
0.18 km
2
1
-m2
Year 2024 Month 05 Day 15
$525,000
Council approved
3/40A Park Avenue
0.21 km
5
3
-m2
Year 2024 Month 04 Day 10
$1,150,000
Council approved
26 Park Avenue
0.15 km
3
3
102m2
Year 2024 Month 03 Day 08
$925,000
Council approved
0.41 km
3
183m2
Year 2024 Month 01 Day 30
$1,000,000
Council approved

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