34 Gambare Place, Wattle Downs, Auckland - Manukau

Nestled in the serene Gambare Place of Wattle Downs, Auckland, stands a promising freehold property, primed for development. This 120sqm residential vacant land with a 663sqm footprint is home to a standalone 3-bedroom house, complete with 2 carparks and convenient living spaces. Constructed in 1974 with fibrous cement walls and tiled roofing, it offers an average condition, ready for your personal touch. The property, valued at $860,000 as per the latest government valuation, has seen a remarkable CV increase of 48.28% since 2017, showcasing its investment potential. The latest sales history boasts transactions at $845,000 in 2024 and $810,000 in 2021, while the HouGarden AVM estimates it at $852,500, indicating a consistent growth trajectory.

For families, the property falls within the decile 1 zone for both Leabank School and James Cook High School, ensuring quality education for all ages. This is not just a home; it's a golden opportunity for developers and investors alike, with RC, BC & EPA approvals already in place. It's a hassle-free investment, generating a healthy rental income that outshines fixed term deposits, all while contributing to your mortgage repayments. Embrace the chance to start your project with a head start in 2023, positioned amidst a wealth of amenities and convenient transport links.

With its approved status and potential under the $1 million mark, this property is set to attract a wide range of buyers, from first-time homeowners to seasoned investors. Don't miss the opportunity to explore how this property can elevate your real estate aspirations.

Updated on November 07, 2024