18 Gaye Crescent, Otara, Auckland - Manukau

Nestled in a serene cul-de-sac at 18 Gaye Crescent, Otara, Auckland, this 1960-built residential dwelling sits on a freehold site of 627m2. The 81m2 floor area is home to 3 bedrooms, 1 bathroom, and an open-plan living that leads to a rear patio. The property boasts a roof of tiles and walls of wood, both in average condition. The recent CV of $820,000 reflects a 64% increase since 2017, indicating a rapid capital value growth. This is an ideal opportunity for investors, DIY enthusiasts, and developers looking to renovate or rebuild and capitalize on potential gains.

With a HouGarden AVM of $800,000 and a history of latest sales at $520,000 in 2019 and $212,000 in 2006, the property presents a compelling investment case. The site offers off-street parking and is zoned for Sir Edmund Hillary Collegiate Junior, Middle, and Senior Schools, all with a decile rating of 1.

Despite the rising interest rates, this home's potential is undeniable. It calls for a discerning buyer to appreciate its scope and possibilities, with the urgency to sell before the bank intervenes. Don't miss the chance to inspect this property and envision its transformation.

Updated on August 28, 2024