91 Ferguson Road, Otara, Auckland - Manukau

Nestled in a quiet cul-de-sac on Ferguson Road, this 1963-built residence offers a prime opportunity for builders, developers, and investors. The 3-bedroom, 1-bathroom dwelling with a single carpark is set on a level, freehold section of 688 square meters. Constructed with wood walls and an iron roof, both in average condition, this property has a floor area of 98 square meters. The capital value has seen a remarkable increase from $560,000 in 2017 to $850,000 as of June 2021, reflecting a growth of 51.79%. The latest sale history includes transactions in 2024 and 2013, with prices of $840,000 and $325,000 respectively. The HouGarden AVM estimates the property's worth at $815,000, making it an attractive prospect for those looking to enter the market or add to their portfolio.

With regards to the government's valuation, the property has shown a steady rise in value. The current CV of $850,000 is a significant jump from the previous assessment. This indicates a strong investment potential for the discerning buyer. The property's contour and size present an ideal scenario for renovation or redevelopment in this urban zone.

For families with school-aged children, the property falls within the decile 1 school zones of Rongomai School, a contributing primary, and Tangaroa College, a secondary school catering to years 9-15. This is a golden opportunity that's not to be missed, as the motivated vendor has made it clear they want a quick sale. Act now to secure this property and take advantage of the urgent sell situation.

Updated on April 10, 2024