Nestled at 1/27 Smiths Avenue, Papakura, Auckland, this charming 4-bedroom, 1-bathroom residential dwelling is set on a level contour with wood exterior walls and an iron roof, reflecting its 1920s vintage. The property is under a Cross-Lease ownership, offering a floor area of 120 square meters. The government's capital value (CV) has seen a significant increase from $500,000 in 2017 to $720,000 as of 2021, indicating a growth rate of 44%. The latest sales were recorded at $555,000 in 2023 and $539,000 in 2016, while the HouGarden AVM estimates the property's worth at $700,000.
With a CV on the rise and a prime location, this property is within the decile 1 school zone, including Edmund Hillary School (Full Primary), Papakura Intermediate, and Papakura High School. The area is not only educationally endowed but also rich in amenities, with parks, shopping centers, and a vibrant community atmosphere that makes it an ideal place to settle.
Whether you're seeking a family home or a sound investment, this renovated property with its spacious kitchen, open plan lounge, and fully fenced backyard is a golden opportunity not to be missed.
Updated on August 02, 2024