1 Peara Lane, Karaka, Auckland - Papakura

Nestled on a serene cul-de-sac at 1 Peara Lane, Karaka, Auckland - Papakura, this vacant residential property is a freehold haven. The 4-bedroom home, though missing specific details on bathroom count and floor area, sits on a level 218sqm section with unknown wall and roof construction, hinting at a blank canvas for future development. The property's capital value as of June 2021 is $350,000, a figure that has seen a notable increase over the years. The HouGarden AVM estimates the property's worth at $325,000, reflecting a potential growth opportunity for investors.

Historically, the property has shown a promising rise in its capital value, with a recent sale history that testifies to its increasing market appeal. The unknown roof and wall conditions suggest a need for personal inspection to truly appreciate the property's potential and to plan necessary renovations or maintenance.

For families with school-aged children, the property falls within the zones of both Rosehill College, a secondary school with a decile rating of 5, and Ngakoroa School, a full primary school. This provides a range of educational options for the family. The location, combined with the property's CV growth percentage, makes it an attractive prospect for those seeking a sound investment in education and real estate.

Updated on May 13, 2024