Nestled at 2 Coptic Place, Mangere East, Auckland, this charming freehold property on a levelled 706m² corner site is a gem in the making. The 1979-built, wood-clad home with an iron roof boasts 3 bedrooms, 1 bathroom, and 2 car parks, alongside a generous 99m² floor area. The property's Capital Value (CV) has seen a staggering increase of 91.67% from $600,000 in 2017 to $1,150,000 as of June 2021. The HouGarden AVM estimates it at $1,019,500, while the latest sales history shows a jump from $486,000 in 2014 to $725,000 in 2020.
For families, the property falls within the zones of Robertson Road School, a Full Primary with a decile rating of 1, and Southern Cross Campus for Years 7-8, also rated decile 1. This prime site has approved Resource Consent, Building Consent, and Engineering Plan Approval for a 4-lot subdivision, with plans for two two-level duplexes. The vendor's motivation to sell is clear, presenting a rare opportunity for investors and developers alike.
With its strategic location near Middlemore Hospital, Auckland Airport, and accessible public transport, this property is not just a home but a golden development prospect. Don't miss the chance to bid at the auction on 31/07/2024 and secure this versatile property with immense potential.
Updated on July 31, 2024