52 Ferguson Street, Manurewa, Auckland - Manukau

Nestled in the heart of Manurewa, Auckland, 52 Ferguson Street presents a lucrative opportunity on a Freehold titled property. This 1963-built home sits on a level 680 sqm of land, featuring 3 bedrooms, 3 bathrooms, and a single carpark. The exterior boasts wood walls and an iron roof, both in average condition. The property has a current Capital Value (CV) of $850,000 as of June 2021, showcasing a growth rate of 47% from its $580,000 valuation in July 2017. The site is primed for development with RC and BC granted to construct 4 townhouses, each boasting 4 bedrooms, 3 bathrooms, and an internal access garage.

With a HouGarden AVM of $815,000, the latest sales history includes a transaction of $755,000 in September 2020, and $573,000 in September 2019. This indicates a rapid increase in the property's market value. The location is a winner, close to amenities, schools, and transport links. Development contributions have been paid, and the property currently generates a healthy rental income.

For families, the property falls within the zones of Manurewa East School (Decile 1) and Alfriston College (Decile 2). This is not just a home, but a sound investment in a sought-after school district. The mid-$900,000s price tag is negotiable, and the property is ready for your development plans.

Updated on October 22, 2024