3/4 Menary Street, Papakura, Papakura

Nestled at the end of a quiet cul-de-sac on Menary Street, Papakura, Auckland, lies this charming 2-bedroom, 1-bathroom residential unit. Constructed in 1973 with a solid fibrous cement exterior and an iron roof in good condition, this cross-lease property offers a floor area of 83 square meters. The property has seen a significant increase in Capital Value (CV), rising from $470,000 in 2017 to the current $640,000 as of June 2021, indicating a growth rate of 36.17%. The latest sales were recorded at $576,000 in December 2020 and $515,000 in July 2018, while the HouGarden AVM estimates the property's worth at $622,500.

For families with school-aged children, the property falls within the zones of Papakura Central School (Decile 4), Rosehill Intermediate (Decile 3), and Rosehill College (Decile 5), ensuring access to quality education. This starter property is not only perfect for young families or couples but also presents an attractive opportunity for investors. It features a cozy open-plan living area with a heat pump, a sunny conservatory, and a spacious deck ideal for summer gatherings. The kitchen is equipped with a dishwasher and ample storage, while the manicured outdoor space, single lock-up garage, and off-street parking provide convenience and security.

Centrally located, the property is a stone's throw from the Papakura township and New World shopping Centre, with public bus stops and a train station within walking distance, offering easy access to the Southern Motorway. This property is not just a home; it's a smart investment choice in a prime location.

Updated on August 20, 2024