Nestled in the heart of Omori, 8 Ngapera Way presents a unique opportunity to own a stunning section of bush-clad land. This lifestyle vacant property spans a generous 3491sqm, offering ample space for building your dream home. Despite its unknown building age, wall, and roof conditions, its freehold ownership type and steep fall contour make it an intriguing prospect for those looking to design a home that harmonizes with its natural surroundings.
From a valuation perspective, the property has seen a significant increase in capital value, jumping from $317,000 on July 1, 2019, to $692,000 on July 1, 2022, marking a 118.3% increase. Despite this, the latest sale on February 8, 2024, was at $350,000, below the HouGarden AVM of $660,000, suggesting a potential market undervaluation. This discrepancy underscores the property's 'MUST GO!!!' status, hinting at a lucrative investment opportunity.
Education-wise, the property falls within the Kuratau School zone, a full primary school with a decile rating of 2. This indicates a commitment to providing quality education, making it an ideal location for families seeking a blend of tranquility and educational opportunities.
Updated on April 05, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.77 km | 4 | 2 | 160m2 | Year 2025 Month 01 Day 18 | - | Council approved | |
 | 0.43 km | 0m2 | Year 2024 Month 12 Day 03 | $325,000 | Council approved | |||
 | 35.90 km | 4 | 120m2 | Year 2024 Month 11 Day 12 | $650,000 | Council approved | ||
 | 35.98 km | 3 | 117m2 | Year 2024 Month 11 Day 01 | $760,000 | Council approved | ||
 | 0.65 km | 3 | 1 | 88m2 | Year 2024 Month 09 Day 19 | $630,000 | Council approved |