2/10 Margaret Road, Papatoetoe, Auckland - Manukau

Retreat to a haven of tranquility with this meticulously maintained 2-bedroom, 1-bathroom brick and tile home, set amidst the serene environment of a quiet cul-de-sac. This freehold property, built in 1970, boasts an average condition brick exterior and tiled roof, with a floor area of 60 square meters. The home, with a capital value of $550,000 as of June 2021, has seen a 31% increase since July 2017. It is registered under a Cross-Lease title, offering a low-maintenance lifestyle and potential for high rental yield. The property's highlights include a modern kitchen with quality appliances, conveniently located near Papatoetoe Central School and various recreational amenities.

Notably, the property's HouGarden AVM is valued at $535,000, with the latest sale recorded at $447,500 in May 2020, and an earlier sale at $310,000 in November 2006. This indicates a promising investment opportunity with a capital value growth that speaks volumes about the area's desirability.

For families with educational considerations, this property falls within the zones of Kedgley Intermediate and Aorere College, both with a decile rating of 2, as well as Papatoetoe South School, ensuring quality education is within easy reach.

Updated on August 02, 2024