Positioned in the heart of Papatoetoe, the property at 50 Ferndown Avenue unveils a wealth of opportunities, showcasing its substantial 882m2 freehold land. With its Mixed Housing Suburban classification and the advantage of having essential services readily available on-site, this parcel of land presents itself as a canvas for various investment strategies, whether it be land banking, immediate development, or holding for future gains.
Notably, the property stands resiliently outside any flood zones, ensuring security and stability for potential projects. Moreover, its conceptualized plan for six thoughtfully designed townhouses, each designed to encompass 3 bedrooms, 1 bathroom, and parking for a car, exemplifies its potential for lucrative development ventures.
The generous 882m2 land area not only amplifies the development potential but also allows ample space for creativity and expansion. Its strategic proximity to Papatoetoe school, bustling shops, and a range of essential amenities underscores its convenience and desirability, amplifying its allure for prospective investors seeking a promising venture with sustainable growth prospects. Whether considering immediate development or a long-term investment strategy, this property stands as a beacon of promise and potential in the real estate landscape of Papatoetoe."
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $885,000 | -6.8% | 149 |
2022 | $950,000 | -5% | 136 |
2021 | $1,000,000 | 14.9% | 261 |
2020 | $870,000 | 17.6% | 207 |
2019 | $740,000 | 0.1% | 183 |
2018 | $739,000 | -4.6% | 215 |
2017 | $775,000 | -0.6% | 165 |
2016 | $780,000 | 16.4% | 235 |
2015 | $670,000 | 30.7% | 274 |
2014 | $512,500 | - | 261 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 4 | 2 | -m2 | 2024年04月04日 | $801,000 | Council approved | |
 | 0.16 km | 5 | 3 | 179m2 | 2024年02月13日 | $1,145,000 | Council approved | |
 | 0.20 km | 5 | 3 | 176m2 | 2024年02月05日 | $990,000 | Council approved | |
 | 0.18 km | 3 | 1 | 90m2 | 2023年11月28日 | $850,000 | Council approved | |
 | 0.04 km | 3 | 1 | -m2 | 2023年11月08日 | $715,000 | Council approved |