114 Clayton Avenue, Otara, Auckland - Manukau

Nestled in a serene cul-de-sac at 114 Clayton Avenue, Otara, Auckland, this 1960's freehold property boasts a versatile layout with 3 bedrooms, 1 bathroom, and 2 car parks. Constructed with iron roofing and wooden walls, the dwelling sits on an easy-to-moderate fall contour, encompassing a floor area of 84sqm and a generous land area of 673sqm. The property's capital value has seen a significant increase from $530,000 in 2017 to $780,000 as of June 2021, reflecting a growth rate of 47.17%. Currently valued at $760,000 by HouGarden AVM, the latest sale history includes transactions at $547,000 in 2016 and $490,000 in 2015.

For investors, developers, or owner-occupiers, this property presents a golden opportunity with refurbishment potential, especially with the provided draft plans and the neighborhood's residential mixed housing zone allowing for new redevelopment. The existing house, rented at present, offers the chance to expand one's rental investment portfolio or to revamp into a family home with ample outdoor space. Its location is a plus, with the Clayton Shadbolt reserve nearby and convenient access to shopping, services, and public transport.

As for the school zone, the property falls within the catchment areas of Tangaroa College and Sir Edmund Hillary Collegiate Senior School, both secondary schools with a decile rating of 1. This combination of attributes makes it a "value buy" worth considering.

Updated on August 05, 2024