10/243a Saint George Street, Papatoetoe, Auckland - Manukau

Nestled in the heart of Papatoetoe, Auckland, at 10/243a Saint George Street, lies a charming 1-bedroom unit, ideal for first-time buyers or those seeking to downsize. This residential apartment, built in 1978 with brick walls and tiled roof, offers a floor area of 46 square meters and is under the Unit Title ownership. Notably, the property has seen a significant Capital Value (CV) increase of 36.67% from $300,000 in 2017 to $410,000 as of June 2021. The property is in a level contour, with average wall and roof conditions, and comes with a carpark.

Valuation history shows a promising trend, with the HouGarden AVM estimating the property at $392,500. The latest sale was recorded at $375,000 in February 2024, a substantial rise from the $160,000 sale in 2006. This indicates a healthy investment potential.

For families, the property falls within the zones of Papatoetoe Intermediate (Decile 2), Papatoetoe Central School (Decile 4), and Papatoetoe High School (Decile 3), offering a range of educational options. This combination of affordability, convenient location, and access to quality schooling makes it an attractive proposition for both homeowners and investors.

Updated on April 17, 2024