36 Hokianga Street, Mangere East, Auckland - Manukau

Nestled on a spacious 1,151sqm section at 36 Hokianga Street, Mangere East, this freehold property is a gem offering numerous possibilities. Constructed in 1963 with fair-conditioned wooden walls and iron roofing, it boasts 3 bedrooms, 1 bathroom, and a single carpark. The potential to add value and customize the perfect home or embark on a development project (subject to council approval) makes it an ideal investment for investors, land bankers, and developers. The property has seen a 93.18% increase in Capital Value from $660,000 in July 2017 to $1,275,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,245,000, while the latest sales were recorded at $642,500 in 2019 and $102,000 back in 1994. This property is not just a home but a promising opportunity in a rapidly appreciating area.

From a valuation perspective, the property's CV growth is impressive, indicating a sound investment with potential for further capital gains. The recent sale history and AVM reflect a strong market interest in the property, which is situated in a quiet cul-de-sac, just a short drive from the SH20 on-ramp, convenient for commuters.

For families, the school network is a significant plus. Kingsford School, Papatoetoe North School, Kedgley Intermediate, and Aorere College are all within reach, with decile ratings ranging from 1 to 2, indicating a good standard of education in the area. Whether you're looking for a first home, a renovation project, or a development opportunity, this property is a compelling choice.

Updated on July 16, 2024