Discover the potential of this large brick house located at 11 Orchard Rise, Rosehill, Auckland - Papakura. Boasting 3 bedrooms and situated on a generous 723 sqm section, this property is a canvas ready for transformation. Built in 1962 with brick walls and an iron roof, both in average condition, it presents a golden opportunity for purchasers willing to undertake cosmetic renovations for long-term gains. The property, categorized under Residential - Vacant land multiple housing, has a floor area of 120 sqm and is offered on a Freehold basis. Despite having no dedicated car parks, its easy/moderate rise contour and strategic location on a quiet street near Rosehill College make it a sought-after property in one of Papakura's desirable neighborhoods.
From a financial perspective, the property has seen a significant increase in capital value, from $620,000 in July 2017 to $920,000 in June 2021, marking a 48.39% growth. The HouGarden AVM estimates its value at $882,500. Its last sale was in September 1996 for $145,000, following a previous sale in December 1990 for $111,000. This steady growth underscores the property's investment potential, especially for investors/developers looking to capitalize on the land banking opportunity with Waste Water Services on Site and Storm Water very close.
The property falls within the school zones of Mangapikopiko School (decile 1), Rosehill Intermediate (decile 3), and Rosehill College (decile 5), offering a range of educational options for families. Its location near Rosehill College ensures a peaceful and convenient lifestyle, making it an attractive option for those seeking quality education for their children.
Updated on April 04, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $856,000 | -9.9% | 10 |
2022 | $950,000 | -1.6% | 21 |
2021 | $965,000 | 41.1% | 40 |
2020 | $684,000 | 10.3% | 25 |
2019 | $620,000 | 1.6% | 27 |
2018 | $610,000 | -4.3% | 14 |
2017 | $637,500 | 9.9% | 26 |
2016 | $580,000 | 20.8% | 21 |
2015 | $480,000 | 12.9% | 29 |
2014 | $425,000 | - | 27 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 3 | 1 | 180m2 | 2024年04月16日 | $1,000,000 | Council approved | |
 | 0.09 km | 3 | 1 | -m2 | 2024年02月19日 | $695,000 | Council approved | |
0.30 km | 3 | 1 | 170m2 | 2024年01月26日 | $970,000 | Council approved | ||
0.02 km | 2 | 1 | 70m2 | 2024年01月21日 | $661,500 | Council approved | ||
 | 0.05 km | 3 | 1 | 95m2 | 2024年01月09日 | $695,000 | Council approved |