42 Thompson Terrace, Manurewa, Auckland - Manukau

Discover the potential of 42 Thompson Terrace, Manurewa, Auckland - Manukau, a property that stands as a testament to opportunity and growth. Nestled on a generous 723 sqm freehold section, this residence boasts 3 bedrooms, 1 bathroom, and an expansive floor area of 91 sqm. The property is characterized by its mixed materials wall construction and iron roof, both in average condition, reflecting its 1961 heritage. With 3 car parks and a land contour that presents an easy/moderate fall, it offers both convenience and potential for development. The property falls under the 'Residential - Vacant land multiple housing' category, promising a canvas for savvy investors or first-time buyers.

Since its last sale in 2006 for $280,000, the property has witnessed a remarkable capital value increase to $1,075,000 by June 2021, marking a 76.23% growth. This surge is supported by a HouGarden AVM estimate of $1,057,500, underscoring its investment appeal. The property's capital value journey from $610,000 in July 2017 to its current valuation exemplifies its rapid appreciation and potential for further growth.

Education is a cornerstone of this property's allure, situated within the zones of Manurewa Intermediate, Leabank School, and James Cook High School, all of which are decile 1 institutions. This positioning offers families a range of educational opportunities, from intermediate to secondary levels, ensuring a solid foundation for the younger residents.

Updated on March 27, 2024.