16 Mckinstry Avenue, Mangere East, Auckland - Manukau

Nestled in the serene Mangere East, Auckland, at 16 Mckinstry Avenue, lies a residential gem on a freehold title. This 1970-built home boasts three bedrooms, one bathroom, and two car parks, with a floor area of 86 square meters on a generous 617 square meter section. The dwelling features fibrous cement walls and tiled roofing, both in average condition, and enjoys an easy/moderate rise contour. The living space is complemented by a large north-facing deck, partially covered, offering a cozy extension to the home.

As per the property's valuation, the capital value has seen a significant increase from $640,000 in 2017 to $1,050,000 as of 2021, reflecting a growth rate of 64.06%. The HouGarden AVM estimates the property at $975,000, while the latest sales were recorded at $745,000 in 2019 and $615,000 in 2018. This presents a promising investment opportunity with a potentially high-income yield.

For families with school-aged children, the property falls within the Southern Cross Campus zone, a composite school with a decile rating of 1. The location ensures access to quality education. This property, set for auction on June 13th at Harcourts Takapuna, presents a unique chance to grab a prime piece of real estate at a potentially bargain price.

Updated on June 17, 2024