10 Humphreys Place, Mangere, Auckland - Manukau

Nestled in the serene Mangere, Auckland, 10 Humphreys Place boasts a freehold status on a 746m2 flat section. This residential-vacant land, suitable for multiple housing, was built in 1966 with wood walls and an iron roof, both in average condition. It features 6 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 96m2. The property's CV has seen a 100% increase from $650,000 in 2017 to $1,300,000 as of June 2021. The HouGarden AVM estimates it at $1,290,000, while the latest sale was for $1,200,000 in September 2021. This land, in a Terrace Housing and Apartment Building Zone, is adjacent to another 1158m2 flat section, creating a developers' gold mine and investors' land bank.

With a CV growth rate that highlights a lucrative investment opportunity, this property is in a zone that has seen rapid appreciation. The site offers easy/moderate rise contours and is conveniently located near amenities and major routes. It falls within the decile 1 school zone, including Sir Douglas Bader Intermediate, Southern Cross Campus, and Jean Batten School, making it an ideal location for families.

These two properties with two titles, totaling 1904m2, present an unbeatable combination of potential and convenience. They are perfect for developers seeking a prime land bank in a highly sought-after zone, ready to tap into its unlimited potential for future development.

Updated on November 20, 2024