17 Keegan Drive, Massey, Auckland - Waitakere

Nestled on a generous 761m2 freehold section at 17 Keegan Drive, Massey, Auckland, this versatile 5-bedroom, 2-bathroom 'Home and Income' property is a gem for investors, developers, or large families. Constructed in 1970 with iron roofing and fibrous cement walls in good condition, it boasts an elevated outlook and is zoned for Mixed Housing Urban (MHU). The property, with a floor area of 130m2, has seen a capital value increase of 52.19% from $890,000 in 2017 to $1,350,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,104,500, while the latest sales were recorded at $470,000 in 2008 and $234,000 in 2004.

With separate income-producing dwellings, this property offers dual potential. The main residence has 3 bedrooms, 1 bathroom, and is equipped with a heat pump and fireplace for comfort. The secondary dwelling features 2 bedrooms and 1 bathroom, both with off-street parking and entertainment decks. Notably, the property is within the catchment of Massey High School (Decile 4) and St Paul's School (Decile 4), adding to its appeal.

Whether you choose to rent out both homes, live in one and rent the other, or develop the site, this property presents exciting opportunities. Currently generating a combined rental income of $1,090 per week, it's a sound investment in a sought-after school zone.

Updated on August 14, 2024