21 Millen Avenue, Pakuranga, Auckland - Manukau

Nestled in the serene Pakuranga isthmus, 21 Millen Avenue presents a prime development opportunity on a freehold site of 1,002sqm. Constructed in 1954 with wood exterior walls and tiled roofing, this property, though in need of refurbishment, stands as a testament to the era with an average wall condition and fair roof. Currently featuring a single bathroom and a carpark, the potential for this residential-vacant land is vast, with flexible options for redevelopment. The site enjoys a level contour and a northwestern aspect, effectively positioning it as a waterfront haven on the Tamaki River, complete with protective reserves to the north and west, offering unobstructed views.

With a government capital value (CV) that has seen a 49.57% increase from $1,170,000 in 2017 to $1,750,000 as of 2021, and a HouGarden AVM of $1,675,000, the property's latest sale history includes a transaction of $1,450,000 in 2024, following $391,111 in 2010. This indicates a consistent growth in value and a promising investment opportunity.

For families, the property falls within a desirable school zone, including Sancta Maria College (Decile 7), Riverina School (Decile 3), Edgewater College (Decile 2), and Pakuranga Intermediate (Decile 3). The location is further enhanced by easy access to public transportation, including the new Eastern Busway project, and proximity to Pakuranga Plaza and Sylvia Park shopping centre, making it an ideal blend of convenience and potential.

Updated on October 09, 2024