Nestled in the serene cul-de-sac of 1/10 Ranfurly Road, Papatoetoe, Auckland, this 1966-built residential unit boasts a cross-lease title. The 90sqm floor area is thoughtfully distributed across 3 bedrooms, 1 bathroom, and a single carpark. The exterior walls, constructed of brick, and the tiled roof are both in average condition. This property has seen a significant capital value increase of 26.53% from $490,000 in 2017 to the current CV of $620,000 as of June 2021. The HouGarden AVM estimates the property's worth at $622,500, closely matching the latest sale price of $635,000 on May 22, 2024, a substantial rise from the 1994 sale of $102,500.
For investors and families, the property's location within the decile 3 Puhinui School, decile 2 Papatoetoe Intermediate, and decile 3 Papatoetoe High School zones is a significant draw. The recently renovated home offers open-plan living, a modern kitchen, and convenient access to public transport and the Manukau Shopping Centre, making it an ideal blend of comfort and connectivity.
Whether you're seeking a perfect starter home or a sound investment opportunity, this property's promising CV growth history and desirable school zones make it an attractive prospect.
Updated on October 02, 2024