Nestled at 229 Shirley Road, Papatoetoe, Auckland, this Freehold property on a 921m² site is a prime candidate for investment or development. The home, built in 1930, features 3 bedrooms, 3 carparks, and a floor area of 108m². Its Iron roof and Wood exterior walls are in Average and Poor condition respectively. The capital value has seen a significant increase from $850,000 in 2017 to $1,375,000 as of 2021, reflecting a growth rate of 61.76%. The latest sales history includes transactions in 1998 and 1997 at $245,000 and $238,000 respectively. According to HouGarden AVM, the property is currently valued at $1,280,000.
With a strategic location, close to the New Papatoetoe town centre and zoned for Residential-Mixed Housing Suburban, the property is perfect for those seeking convenience and growth. It is served by Papatoetoe West School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), making it an ideal choice for families. The connectivity is unbeatable with easy access to motorways, Auckland CBD, Middlemore Hospital, and the Airport.
Act now to seize this exceptional opportunity, as the owner is motivated to sell and clear instructions have been given to sell immediately. This is your chance to secure a property in a sought-after location, with potential for further value appreciation.
Updated on June 07, 2024