Nestled in the serene Te Atatu Peninsula, 20 Stokes Avenue presents a unique opportunity on a freehold property with a capital value that has seen a staggering increase of 32.69% from $1,300,000 in 2017 to $1,725,000 in 2021. This dual-income earning site, with a total land area of 809 square meters, boasts two separate dwellings: a charming three-bedroom bungalow and a two-bedroom residence at the rear. Constructed in 1960, the main house features wood walls in good condition and an iron roof that's average, while the entire section enjoys a level contour. The property includes 1 bathroom, 2 car parks, and a floor area of 180 square meters. The HouGarden AVM estimates the property's value at $1,528,500, and the latest sale history shows a significant jump from $93,000 in 1992 to $285,000 in 2002.
For families, the property is zoned for Rutherford School (decile 5), Te Atatu Intermediate (decile 6), and Rutherford College (Secondary, decile 5), ensuring top-notch education within the community. This is not just a home; it's an investment in a promising future.
With its MIXED HOUSING URBAN ZONE status, no hydrology issues, and a prime location, this property is perfect for those seeking a stable income or a long-term investment. The potential is vast, whether you choose to develop the land or add your personal touch to the classic bungalow. This is a court-ordered auction that demands attention - a rare opportunity that must be sold!
Updated on May 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 5 | 1 | 180m2 | Year 2024 Month 11 Day 15 | $1,150,000 | Council approved | |
 | 0.31 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 22 | - | Council approved | |
 | 0.15 km | 2 | 1 | 100m2 | Year 2024 Month 10 Day 22 | $828,000 | Council approved | |
 | 0.25 km | 4 | 1 | 100m2 | Year 2024 Month 09 Day 03 | $1,212,000 | Council approved | |
 | 0.15 km | 3 | 1 | 107m2 | Year 2024 Month 08 Day 12 | $903,000 | Council approved |