1/139 Clevedon Road, Papakura, Auckland - Papakura

Nestled on a corner site at 1/139 Clevedon Road, Papakura, this desirable residential dwelling boasts of a solid brick construction, established in 1960 with well-maintained walls and roof. The 3-bedroom, 1-bathroom home with a floor area of 113sqm is set on a cross-lease title, encompassing half a share of 900sqm of level land. Notably, the property enjoys a private driveway and a spacious outdoor area, along with a formal lounge, kitchen with dining, and a covered patio leading to the backyard. The added convenience of a double garage and proximity to Cosgrove School (a mere 5-minute walk, 400m away) and other local amenities make this property an attractive find.

As for investment potential, the property has seen a CV increase of 28.69% from $610,000 in 2017 to $780,000 as of June 2021. HouGarden AVM estimates the property's value at $750,000, while the latest sales history shows a significant jump from $260,000 in 2005 to $295,000 in 2006. This indicates a promising capital growth trajectory.

For families with school-aged children, the property falls within the zones of Kelvin Road School, Papakura Intermediate, and Papakura High School, all rated at decile 1. This combination of location, comfort, and investment potential makes it a golden opportunity not to be missed.

Updated on April 12, 2024