Nestled in the serene Favona, this 4-bedroom, 2-carpark property on 3 Quennell Avenue stands on a generous 635sqm of freehold land. Constructed in 1970 with fibrous cement walls and an iron roof, it presents a prime opportunity for investors or first-time buyers. The property has seen a 57.38% increase in Capital Value from $610,000 in 2017 to $960,000 in 2021, while the HouGarden AVM estimates it at $922,500. The latest sales were in 1994 and 1991 at $80,000 and $85,000 respectively. With a versatile layout and an average condition throughout, this residence is poised for modernization and value addition in a mixed housing suburban zone.
Educationally, the property falls within the sought-after school zones of Favona School, a contributing school with a decile rating of 2, and the Southern Cross Campus for years 7-8, a composite school with a decile rating of 1. This promises a wealth of educational opportunities for families. Located in a quiet cul-de-sac, it offers easy access to local amenities and transport links, making it an ideal investment in a prime location.
Embrace the potential of this property and secure a promising future in the Mangere area. With a layout perfect for modern living and ample space for outdoor entertainment or expansion, it's a chance to create the home you've always envisioned.
Updated on May 02, 2024