48 Convair Crescent, Mangere, Auckland - Manukau

Nestled in the heart of Mangere, this residential property on 48 Convair Crescent is a freehold gem with immense potential. Constructed in 1966 with wood exterior walls and tiled roofing, the house boasts 3 bedrooms, 1 bathroom, and 2 car parks. It spans an area of 95 square meters with a level contour and a spacious land area of 862 square meters. The property has a good wall and roof condition, making it an attractive investment for developers and investors. Furthermore, it's zoned for mixed housing suburban development, with RC, BC, and EPA approvals for 4 lots, highlighting its development potential.

As for financials, the property's capital value has seen a significant increase from $660,000 in July 2017 to $1,200,000 as of June 2021, indicating an impressive growth rate of 81.82%. The HouGarden AVM estimates the property's value at $1,117,500, while the latest sales records from May and March 2024 show transactions at $1,050,000 each. These figures are a testament to the property's escalating market value.

When it comes to education, the property falls within a highly regarded school zone. It is close to Viscount School (a full primary with a decile rating of 1), Mangere College (a secondary school for years 9-15, also with a decile rating of 1), and Sir Douglas Bader Intermediate (an intermediate school with a decile rating of 1). These institutions offer quality education and are a significant draw for families.

Updated on June 19, 2024