Nestled at the end of a serene cul-de-sac on Manuka Street, this freehold property, built in 1987, stands as a prime opportunity for renovation enthusiasts. The 3-bedroom, single carpark home is constructed with durable brick walls and tile roofing, both in good condition. Spanning across 140 square meters of floor area and 505 square meters of land, it offers ample space for potential transformation. The property has seen a significant Capital Value increase of 29.63% from $810,000 in 2017 to $1,050,000 as of June 2021. HouGarden AVM estimates the property’s worth at $975,000, making it an attractive prospect for investors. Historically, this property has been a gem in the market, reflecting consistent growth and appeal.
For families with school-aged children, the property falls within the zones of both Orewa Beach School, a contributing school with a decile rating of 7, and Orewa College, a secondary school with a decile rating of 9. This ensures access to quality education within walking distance. The convenient location, just 150 meters from Orewa Beach Primary School and 350 meters from the beach, adds to the allure of this property, offering a blend of tranquility and connectivity.
With a promising CV growth trajectory and a desirable school network, this property is not just a dwelling but a launchpad to a vibrant lifestyle. Whether you seek a cozy family home or a wise investment, this address is set to deliver on both fronts.
Updated on May 31, 2024