Located at 7 Hyperion Drive, Randwick Park, Auckland - Manukau, this freehold property presents a unique opportunity for developers. The dwelling, built in 1976, features 3 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 88m2 and a substantial land area of 624m2. The house is constructed with fibrous cement walls and tile roofing, both in good condition. The level contour of the property and its location in a residential - mixed housing suburban zone make it ideal for development. Resource Consent has been applied for with Auckland Council for the construction of 4 townhouses, each with 3 bedrooms, an ensuite, 2.5 bathrooms, a study, and an internal access garage.
The capital value of the property has seen a significant increase, from $550,000 in July 2017 to $810,000 in June 2021, marking a 47.27% growth. The HouGarden AVM estimates the property's value at $775,000. The latest sale was recorded on January 15, 2024, for $800,000, following a previous sale at $810,000 on March 12, 2021. The current house is on a fixed-term rent of $650 per week until May 30, 2022.
The property is zoned for Alfriston College (Secondary, decile 2) and Randwick Park School (Full Primary, decile 1), offering educational opportunities in close proximity. This development project is perfectly positioned for access to the Southern Motorway, Manukau City, Auckland International Airport, and nearby parks, making it an attractive option for families and investors alike.
Updated on April 06, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 3 | 1 | 86m2 | Year 2024 Month 10 Day 14 | $625,000 | Council approved | |
 | 0.09 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.07 km | 3 | 1 | 86m2 | Year 2024 Month 08 Day 24 | $700,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 07 Day 01 | - | Council approved |