This exceptional property at 8 Seymour Avenue, Papatoetoe, Auckland - Manukau, offers a unique development opportunity. With 3 bedrooms and 2 car parks, this residential vacant land spans 908m2 and features a floor area of 129m2. The freehold property boasts wood wall construction and tile roofing, both in good condition, dating back to 1951. Its level contour and corner site location with road frontage access from Seymour Ave & Kautami Ave make it an ideal candidate for development under the New Auckland Unitary Plan, zoned for Mixed Housing Suburban.
From an investment perspective, the property has seen a significant capital value increase from $950,000 in July 2017 to $1,650,000 in June 2021, marking a 73.68% growth. The HouGarden AVM estimates its value at $1,582,500. After 45 years of ownership, the potential for high-intensity development, easy access to stormwater & wastewater connections, and its prime location in one of Papatoetoe's top streets near Manukau City Centre, Middlemore Hospital, and Hunters Plaza, underscore its appeal.
Education is well catered for, with the property zoned for Papatoetoe Intermediate (decile 2), Papatoetoe Central School (decile 4), and Papatoetoe High School (decile 3), ensuring a range of schooling options. This property not only offers excellent development potential but also places future residents in a community with accessible educational facilities.
Updated on April 05, 2024.
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 | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 3 | 2 | -m2 | 2024年03月20日 | $1,105,000 | Council approved | |
 | 0.38 km | 3 | 3 | 160m2 | 2024年03月08日 | $810,000 | Council approved | |
0.18 km | 5 | 180m2 | 2024年02月16日 | $1,739,130 | Council approved | |||
 | 0.26 km | 3 | 2 | 131m2 | 2023年12月22日 | $785,000 | Council approved | |
 | 0.32 km | 3 | 2 | 250m2 | 2023年12月05日 | $1,020,000 | Council approved |