Nestled in the heart of Papatoetoe at 5/5 Woolfield Road, this charming residential unit boasts a freehold title and an array of modern amenities that make it an ideal starter home or investment. The 2-bedroom, 1-bathroom unit with a single carpark is spread across a floor area of 76sqm on a levelled land of 107sqm. Constructed in 2021, the property features wood walls in good condition and an iron roof, both adding to its structural integrity. The capital value has seen a growth of 21.43% from $560,000 in 2017 to $680,000 as of June 2021, with the HouGarden AVM estimating it at $660,000. The latest sales were recorded at $645,000 in June 2024 and $635,000 in December 2020.
For families, the property falls within the zones of Papatoetoe West School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring quality education is within reach. The property's efficient layout, complete with a heat pump, laminated flooring, double-glazed windows, and keypad entry, provides comfort and security. Its prime location offers easy access to amenities, with proximity to Middlemore Hospital, Papatoetoe train station, Hunters Plaza Mall, and motorway access, making it a centrally connected home.
With its combination of affordability, modern conveniences, and strategic location, this property presents a golden opportunity for first-home buyers or investors looking for a sound addition to their portfolio.
Updated on August 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 06 | $1,431,500 | Council approved | |
 | 0.07 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 23 | $1,376,000 | Council approved | |
 | 0.17 km | 3 | 110m2 | Year 2024 Month 08 Day 30 | $832,500 | Council approved | ||
 | 0.17 km | 4 | 3 | 160m2 | Year 2024 Month 08 Day 05 | - | Council approved | |
 | 0.13 km | 2 | 1 | 70m2 | Year 2024 Month 07 Day 31 | - | Council approved |