Nestled on a prime 1085 sqm corner lot, this charming 1950s family home in Papatoetoe, Auckland, is now on the market after 41 years, offering immense potential for value addition. The freehold property boasts 3 spacious bedrooms and is complemented by a single garage and a workshop. Constructed with solid brick walls and an iron roof, this residence is in the Residential - Vacant land multiple housing category. The property has a fair roof condition and average walls, sitting on a level contour. It is in a quiet cul-de-sac, close to amenities and major routes, and is zoned for Papatoetoe High School, Papatoetoe Intermediate, and other esteemed schools.
With a government capital value (CV) of $1,825,000 as of June 2021, the property has shown a remarkable increase of 58.7% from its $1,150,000 CV in July 2017. The HouGarden AVM estimates the property's value at $1,780,000, making it a sound investment with a promising growth trajectory.
For families with school-aged children, the property falls within the zones of Papatoetoe Intermediate (Decile 2) and Papatoetoe High School (Decile 3), ensuring access to quality education. This is a unique opportunity to secure a piece of real estate with a rich history and a promising future in a sought-after school district.
Updated on August 01, 2024