20/124 Kolmar Road, Papatoetoe, Auckland - Manukau

Nestled in the heart of Papatoetoe, this meticulously maintained, ground-floor unit at 20/124 Kolmar Road offers an inviting and efficient living space. Constructed in 1970 with mixed materials for the walls and iron for the roof, this 47 square meter Unit Title property boasts 1 bedroom, 1 bathroom, and a carpark, all in a good condition. The property is situated in a level contour, enhancing its appeal.

With a CV of $330,000 in 2017, the property has seen a significant increase to $380,000 as of June 2021, reflecting a growth rate of 15.15%. The HouGarden AVM estimates the property's value at $362,500, while the latest sales were recorded at $370,000 in 2020 and $150,000 in 2010. These figures present a promising investment opportunity in a rapidly appreciating market.

For families, the property falls within the zones of Papatoetoe West School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring access to quality education. This combination of prime location, solid property value growth, and educational opportunities makes it an ideal choice for both investors and homeowners.

Updated on October 21, 2024