Nestled in the tranquility of a quiet cul-de-sac at 48 Gloria Avenue, Te Atatu Peninsula, this freehold property boasts a generous floor area of 207 square meters on a sprawling 951 square meter section. With 5 bedrooms and a carpark, it's a perfect blend of comfort and potential, enhanced by the mixed materials exterior and robust iron roof. The property has shown a significant Capital Value (CV) increase of 31.27%, from $1,375,000 in 2017 to $1,805,000 as of June 2021. The HouGarden AVM estimates it at $1,790,000, making it an attractive investment with a history of profitable sales, last sold for $522,000 in 2005 and $453,400 in 2003.
For families, the property falls within the decile 6 Te Atatu Intermediate and decile 5 Rutherford School and Rutherford College, ensuring quality education for all ages. This property not only offers immediate rental income, currently generating $1,100 per week, but also holds potential for renovation or development, subject to council approval. With Health Homes Certificates provided for both dwellings, it's a golden opportunity that promises peace of mind and a secure future.
Embrace the chance to secure this versatile property in a sought-after school zone, where the combination of a prime location, strong CV growth, and rental potential make it a must-see and a must-sell. Pre-auction offers are welcomed, and the auction is set to take place at Ray White Te Atatu, unless sold prior.
Updated on November 27, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 3 | 2 | 170m2 | Year 2024 Month 09 Day 25 | - | Council approved | |
 | 0.28 km | 3 | 2 | 170m2 | Year 2024 Month 09 Day 25 | $1,050,000 | Council approved | |
 | 0.02 km | 3 | 1 | 120m2 | Year 2024 Month 09 Day 22 | - | Council approved | |
 | 0.31 km | 4 | 1 | 100m2 | Year 2024 Month 09 Day 03 | $1,212,000 | Council approved | |
 | 0.27 km | 3 | 1 | -m2 | Year 2024 Month 07 Day 31 | - | Council approved |