296 Manukau Road, Epsom, Auckland

Located at 296 Manukau Road, Epsom, Auckland - City, this residential property boasts 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 90m2. Constructed in 1940 with roughcast walls and tile roofing, both in average condition, this unit titled home sits on a level contour, offering a blend of historical charm and modern potential. The property falls under the 'Residential - Ownership home units' category, highlighting its appeal for both homeowners and investors alike.

From a financial perspective, the property has seen a significant increase in capital value, rising from $870,000 in July 2017 to $1,160,000 in June 2021, marking a 33.33% growth. The latest HouGarden AVM estimates its value at $1,140,000. Historical sales data reveals a purchase for $300,000 in February 2008 and $163,000 in February 1998, underscoring the property's substantial appreciation over time. This financial trajectory indicates a robust investment opportunity, especially considering the current distress sale situation and the property's high rental yield potential.

Education is a key feature of this property's location, situated within the zones of highly regarded schools including Auckland Grammar, Epsom Normal School, Auckland Normal Intermediate, Epsom Girls' Grammar School, and Baradene College, all boasting decile ratings of 8 or 9. This proximity to top-tier educational institutions enhances the property's desirability for families and investors focused on academic excellence.