Nestled at 123 Favona Road, Favona, Auckland, this freehold property is a prime example of residential potential with its 3 bedrooms, 1 bathroom, and a carpark, set on a sprawling 809 square meters of land. Constructed in 1955 with roughcast walls and an iron roof, both in average condition, this home offers a floor area of 90 square meters. The property's capital value has seen a 100% increase from $600,000 in 2017 to $1,200,000 as of June 2021, showcasing a rapid growth rate. The latest sale was in 2017 for $360,000, while the HouGarden AVM estimates the property at $1,117,500, indicating a lucrative investment opportunity.
With a property contour that's level and a Mixed Housing Suburban Zone designation, the site invites developers and investors looking to capitalize on the property's development potential. The location is strategically positioned near SH20, with easy access to the city and the charming Mangere Bridge Township, while the shopping and entertainment hub of Sylvia Park is a short drive away.
For families, the property falls within the decile 2 Favona School and the decile 1 Southern Cross Campus (Yrs 7-8) zones, ensuring quality education options. This property is not just a home; it's a future-proof investment in a thriving Auckland suburb.
Updated on June 14, 2024
सड़क का पता | दूरी | शयनकक्ष संख्या | स्नानघर संख्या | निर्माण क्षेत्र | बिक्री तिथि और समय | बेची गई कीमत | डेटा स्रोत | |
|---|---|---|---|---|---|---|---|---|
 | 0.39 km | 4 | 1 | 100m2 | 2024 वर्ष 05 माह 01 दिन | $737,000 | Council approved | |
 | 0.47 km | 3 | 1 | 90m2 | 2024 वर्ष 05 माह 01 दिन | $717,000 | Council approved | |
 | 0.20 km | 3 | 1 | -m2 | 2024 वर्ष 03 माह 01 दिन | $839,000 | Council approved | |
0.36 km | 6 | 3 | 104m2 | 2024 वर्ष 02 माह 29 दिन | $3,450,000 | Council approved | ||
 | 0.34 km | 3 | 2 | 92m2 | 2024 वर्ष 01 माह 12 दिन | $870,000 | Council approved |