32 Kenderdine Road, Papatoetoe, Auckland - Manukau

Nestled on a prime freehold section at 32 Kenderdine Road, Papatoetoe, Auckland, this residential property is a gem waiting to be polished. Constructed in 1940 with stone walls and an iron roof, both in good condition, the house boasts 2 bedrooms, 2 carparks, and a generous floor area of 117sqm on a level contour. The 885sqm mixed housing urban zone land provides ample space for renovation and value addition. The capital value has seen a impressive growth of 52.78% from $720,000 in 2017 to $1,100,000 as of June 2021, with the HouGarden AVM estimating it at $1,052,500. This property is perfect for those seeking potential, whether for family or development, with a CV increase that speaks volumes about its investment appeal.

History shows a consistent rise in the property's value, reflecting a sound investment in a rapidly appreciating area. The recent HouGarden AVM and the government's CV are in close alignment, indicating a stable property market. Moreover, the property's last sale history adds to its allure, making it an attractive prospect for buyers.

For families with school-aged children, the property falls within the decile 2 school zones of Kedgley Intermediate, Aorere College, Papatoetoe South School, and Papatoetoe Intermediate, ensuring quality education is within reach. This combination of a solid investment opportunity and access to good schools makes it an ideal choice for both investors and families.

Updated on April 18, 2024