76 Alfriston Road, Manurewa, Auckland - Manukau

Embrace this compelling investment opportunity on 76 Alfriston Road, Manurewa, Auckland - a serene freehold property with a generous 1341m² land area. Constructed in 1951 with wood walls and iron roofing, this property is designed with 5 bedrooms, 1 bathroom, and 2 car parks. The site enjoys a picturesque and steep fall contour, offering a tranquil countryside ambiance within the city limits. The capital value has seen a remarkable increase of 123.68% from $570,000 in 2017 to $1,275,000 as of June 2021. HouGarden AVM estimates the property's worth at $1,285,000, while the latest sale in 2018 was at $501,888.

With a valid building consent for a 4-lot subdivision, this property is primed for development, including one double-storey and three single-level houses. Manurewa is an area of rapid growth, with excellent motorway connections and proximity to amenities like the Manukau Super Clinic and Shopping Center, as well as the Auckland Airport. Educationally, the property falls within the zones of Manurewa High and East Schools, both with a decile rating of 1, and Alfriston College, rated at decile 2.

This property is a golden opportunity for investors seeking potential in a subdivisible land, with the added benefit of being in a sought-after school zone. The vendor's motivation to sell creates a unique scenario for buyers to seize this development potential. Act now to explore this exceptional site and its possibilities.

Updated on September 16, 2024