1/90 Puhinui Road, Papatoetoe, Auckland - Manukau

Nestled in the serene cul-de-sac of 1/90 Puhinui Road, this 1974-built, 2-bedroom, 1-bathroom residential unit with a single carpark offers a comfortable 95sqm of floor area. The property boasts a mix of wall materials and a tiled roof, both in average condition, on a level contour. It is held under a Cross-Lease ownership. Since 2017, the Capital Value (CV) has seen a significant increase of 22.64%, reaching $650,000 as of June 2021. HouGarden's AVM echoes this valuation, making it a solid investment. The latest sale was in 1991 for $87,500, highlighting the property's appreciative value over the years.

With a CV growth that outpaces the market average, this property is not just a home but a smart investment. The government's assessment history and the AVM indicate a stable and rising value, while the latest sale history underscores the potential for capital gains.

For families with school-aged children, the property falls within the zones of Puhinui School (Decile 3), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring access to quality education. Centrally located, it's convenient to amenities, public transport, and major motorways, making this property an attractive proposition for both investors and families.

Updated on September 13, 2024