73 Calthorp Close, Favona, Auckland - Manukau

Nestled in the serene Calthorp Close of Favona, Auckland, this 1970-built freehold property on a 615m2 land area boasts 4 bedrooms, 1 bathroom, and 2 car parks. Constructed with durable fibrous cement walls and iron roofing, both in good condition, this residential vacant land holds immense potential for multiple housing. The property, with a floor area of 100m2, is situated on an easy-to-moderate rise contour, inviting developers, investors, and first-home buyers to explore its possibilities.

Since 2017, the capital value has seen a remarkable increase of 36%, reaching $870,000 as of June 2021. The HouGarden AVM estimates it at $862,500, while the latest sales history shows transactions at $830,000 in June 2021 and $752,000 in April 2021. This indicates a strong growth trend and investment viability.

For families with children, the property falls within the zones of Koru School, a full primary with a decile rating of 1, and Mangere College, a secondary school catering to years 9-15, also with a decile rating of 1. This ensures access to quality education within the community.

Updated on November 29, 2024