2 Woolfield Road, Papatoetoe, Auckland - Manukau

Located at 2 Woolfield Road, Papatoetoe, Auckland - Manukau, this unique property presents a rare opportunity for builders and developers. It features a substantial freehold land area of 2955 m2, zoned for mixed housing suburban under the unitary plan. The property includes a 5-bedroom house with 1 bathroom and 3 car parks, covering a floor area of 240 m2. Built in 1940, the house has wood walls and an iron roof, both in average condition, and sits on a level contour.

Since July 2017, the capital value has seen a significant increase from $1,705,000 to $2,850,000 by June 2021, marking a 67.15% growth. The HouGarden AVM estimates its value at $2,730,000. The property has a history of sales, with the most recent transaction at $2,485,000 on March 15, 2024, after a peak sale of $3,100,000 on October 7, 2021. This land offers a steady income, currently returning $810 per week, and has approved resource consents for up to 5 lots of subdivision.

The property falls within the school zones of Papatoetoe West School (decile 2), Papatoetoe Intermediate (decile 2), and Papatoetoe High School (decile 3), offering educational opportunities for families. This location is also very close to Middlemore hospital and the train station, adding to its appeal for potential development.

Updated on April 04, 2024.