2/16 King Edward Avenue, Papakura, Auckland - Papakura

Nestled in a serene cul-de-sac at 2/16 King Edward Avenue, Papakura, Auckland, this 1975-built residential unit boasts a promising investment opportunity. The 70 square meter floor area is partitioned into 2 bedrooms, 1 bathroom, and an open-plan kitchen and living space. The exterior features a mix of materials for the walls and tiled roofing, both in good condition. This unit title property has seen a significant jump in its capital value, from $370,000 in 2017 to $580,000 as of June 2021, reflecting a growth of 56.76%. The property is complemented by a small garden, a single garage, and an additional off-street parking space.

With a HouGarden AVM of $552,500, the property presents a potential return on investment. The recent sale history and the government's increasing capital value assessments indicate a sound real estate market in the area. This property is ideal for those seeking a low-maintenance home without compromising on space and convenience.

For families with children, the property falls within the zones of several schools, including Papakura Intermediate and High School, both with a decile rating of 1. Other options include Rosehill Intermediate and College, and Opaheke School, catering to various educational needs and levels. This combination of location, value appreciation, and educational opportunities makes this property an attractive prospect for buyers.

Updated on November 01, 2024