Nestled in the heart of Te Atatu South at 109 Te Atatu Road, this residential-vacant land holds immense potential with its freehold title. The property boasts a 1950s home with four bedrooms, set on a flat 1012m² site with easy/moderate rise contour. Constructed with wood walls and iron roofing in average condition, it includes a separate garage and a carpark. The capital value has seen a significant increase from $940,000 in 2017 to $1,620,000 as of 2021, reflecting a growth rate of 72.34%. The latest HouGarden AVM estimates the property at $1,510,000, while the last sale was recorded at $133,000 in 2001.
From a valuation perspective, this property has been on an upward trajectory. The government’s capital value assessment has almost doubled in four years, indicating a promising investment opportunity. The latest sale history and AVM reflect a consistent rise in the property’s worth, making it an attractive prospect for developers and investors.
For families, the property falls within the zones of Tirimoana School (decile 5), Rangeview Intermediate (decile 4), Rutherford College (decile 5), and Henderson High School (decile 3), ensuring access to quality education. This combination of prime location, capital value growth, and educational opportunities makes 109 Te Atatu Road a golden opportunity not to be missed.
Updated on June 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 2 | 1 | -m2 | Year 2024 Month 05 Day 24 | $695,000 | Council approved | |
 | 0.24 km | 3 | 1 | -m2 | Year 2024 Month 05 Day 15 | - | Council approved | |
 | 0.22 km | 6 | 3 | 0m2 | Year 2024 Month 05 Day 01 | - | Council approved | |
 | 0.34 km | 5 | 3 | -m2 | Year 2024 Month 03 Day 01 | $1,235,000 | Council approved | |
 | 0.03 km | 2 | 1 | 0m2 | Year 2024 Month 02 Day 01 | $705,000 | Council approved |