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Nestled in the tranquility of a quiet cul-de-sac at 96c Walmsley Road, Favona, Auckland, this freehold property is a gem in the residential market. The 2-bedroom, 1-bathroom home, built with a mix of materials and an iron roof, stands on a levelled 77 square meter land with a floor area of 74 square meters. It boasts a good wall and roof condition, reflecting the careful maintenance of a recently constructed property. The property's capital value as of June 2021 is $670,000, a figure that is bound to appreciate considering the rapid growth in the area.
History shows a promising trend with the latest sale recorded on July 14, 2021, at $719,000, and a HouGarden AVM estimate of $640,000. The capital value has seen a significant increase, indicating a lucrative investment opportunity. This is further supported by the property's potential for high rental returns, with rental appraisals ranging from $600 to $660 per week.
For families with children, the property falls within the decile 1 school zones of both Koru School, a full primary, and Mangere College, a secondary school catering to years 9-15. This ensures access to quality education within the community. Whether you're a first home buyer or an investor, this property offers an unprecedented chance to enter the market with a starting bid of just $1, an opportunity too good to miss.
Updated on October 21, 2024
