21 Lake Drive, Karaka, Franklin

Nestled in the prestigious locale of 21 Lake Drive, Karaka, Auckland - Papakura, this freehold property boasts a stunning lakeside view. Constructed in 2016 with wood walls and an iron roof, both in good condition, the 219sqm floor area residence sits on a level 400sqm land. It features 4 bedrooms, with 3 overlooking the lake, and is designed for premium living with open-format areas, a high-calibre kitchen, and a separate lounge with a gas fireplace. The property has seen a CV increase of 36.36% from $1,100,000 in 2017 to $1,500,000 as of June 2021. The HouGarden AVM estimates the property at $1,397,500, while the latest sale was for $1,150,000 in 2015. This executive family home is zoned for top-rated schools, including Hingaia Primary (Decile 10), Rosehill Intermediate (Decile 3), and Rosehill College (Decile 5), making it an ideal choice for family buyers.

With a capital value growth percentage of 36.36%, this property offers not just elegance but also a sound investment. The latest sale history showcases a significant increase from $361,891 in 2015 to the recent sale of $1,150,000, indicating a high demand for such a lakeside elegance with Hamptons elements.

For families with school-age children, the property falls within the catchment area of Hingaia Primary School, a full primary with a decile rating of 10, ensuring a quality education. The intermediate and secondary schools, Rosehill Intermediate and Rosehill College, are also within close proximity, offering continued educational opportunities.

Updated on July 15, 2024