1/42 Wallace Road, Papatoetoe, Auckland - Manukau

Nestled in a serene cul-de-sac at 1/42 Wallace Road, Papatoetoe, Auckland, this 1970-built residential unit boasts 2 bedrooms, 1 bathroom, and 2 car parks. It sits on a level contour with brick walls and tiled roofing, both in average condition. The 90sqm floor area is complemented by a cross-lease ownership type. Since 2017, the capital value has seen a significant increase of 24.27%, reaching $640,000 as of June 2021. The property's HouGarden AVM and the latest sale in 2020 reflect the same valuation, while the 2006 sale was at $243,000.

With a CV increase that outpaces the market, this property also enjoys a convenient location near New World, a medical center, library, town center, and train station. It's within the catchment of Papatoetoe South School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), making it an ideal investment for families. Currently tenanted, it offers the promise of a quality investment for the long term or an easy life with everyday amenities at your doorstep.

Education-wise, the schools in the zone are known for their contributing and secondary levels, ranking within Deciles 2 and 3. This property not only promises a sound investment but also a quality lifestyle in a family-friendly neighborhood.

Updated on September 17, 2024