13/18 Lambie Drive, Papatoetoe, Auckland - Manukau

Nestled at 13/18 Lambie Drive, Papatoetoe, Auckland, this industrial-service property is governed by a unit title, built in 2006 with mixed materials for both the roof and walls, both of which are in good condition. It boasts a floor area of 135 square meters, and is situated in a prime location with a capital value that has seen a rapid increase. As of June 2021, the CV stands at $530,000, marking a 39.47% growth from its July 2017 valuation of $380,000.

Recent market activity is indicative of the property's appeal, with the latest sale on September 6, 2024, fetching $565,000, a significant jump from the previous sale in November 2006 for $239,000. HouGarden's AVM estimates the property's value at $510,000, hinting at a consistently appreciating market sentiment.

For families with educational considerations, the property falls within the zones of Puhinui School, a contributing school with a decile rating of 3, Papatoetoe Intermediate with a decile rating of 2, and Papatoetoe High School, a secondary school catering to years 9-15, also with a decile rating of 3.

Updated on October 23, 2024