10 Renwick Street, Papakura, Auckland - Papakura

Nestled in the heart of Papakura, Auckland, this charming 200sqm family residence at 10 Renwick Street boasts 3 bedrooms, 1 bathroom, and is set on a spacious 726sqm freehold site. Constructed in 1964 with solid brick walls and an iron roof in good condition, the property enjoys an easy/moderate rise contour. The capital value has seen a remarkable increase of 58.23% from $790,000 in 2017 to $1,250,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,200,000, while the latest sale was recorded at $1,075,000 in 2024, following a sale in 1991 at $165,000. Currently appraised at $730 per week in rent, this property offers a golden opportunity for investors and families alike.

With a CV increase that outpaces the market average, this property presents a sound investment. The site has approval for subdivision into two freehold lots, potentially creating a duplex development that adds further value. Its prime location, close to the CBD and train station, only enhances its appeal.

For families with school-aged children, the property falls within the zones of Cosgrove School, Papakura Intermediate, and Papakura High School, all with a decile rating of 1. This combination of location, potential, and school zones makes it an executive family living opportunity not to be missed.

Updated on October 23, 2024