Nestled in the heart of Papatoetoe, Auckland, this impressive residential rental flat complex at 8 Atkinson Avenue boasts a freehold title on a level plot of 825sqm. Constructed in 1980 with durable fibrous cement walls and tiled roof, the property maintains a good condition both inside and out. It offers 2 car parks and a floor area of 160sqm, with the exact number of bedrooms and bathrooms not specified.
As per the government's valuation, the capital value has seen a significant increase from $1,250,000 in 2017 to $1,525,000 as of June 2021, marking a growth of 22%. The HouGarden AVM estimates the property's worth at $1,397,500. With a history of strong rental income and untapped potential, this property presents a sound investment opportunity.
For families with children, the property falls within the zones of Puhinui School (Decile 3), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Year 9-15, Decile 3), ensuring access to quality education. This, coupled with its prime location and development possibilities, makes it an even more attractive proposition for both investors and families.
Updated on December 13, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 3 | 1 | 80m2 | Year 2024 Month 12 Day 02 | - | Council approved | |
 | 0.10 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 22 | - | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 06 | $760,000 | Council approved | |
 | 0.18 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 09 | $765,000 | Council approved | |
 | 0.08 km | 4 | 2 | -m2 | Year 2024 Month 07 Day 04 | - | Council approved |