Nestled at the end of a quiet cul-de-sac in Pakuranga Heights, this freehold property on 7 Cindy Place boasts a substantial 1067 sqm of flat land. The 1966-built home with iron roofing and wooden exterior walls in good condition offers 4 large double bedrooms, 2 carparks, and a spacious floor area of 171 sqm. The capital value has seen a remarkable increase from $1,160,000 in 2017 to $2,350,000 as of June 2021, reflecting a growth rate of 102.59%. The property is zoned for Terrace Housing and Apartment Building, with a resource consent granted for a 9-lot subdivision.
With a HouGarden AVM of $1,674,500 and recent sales history, this property presents a golden opportunity for investors, builders, and developers. The latest sale was recorded at $1,800,000 in September 2024, following a sale at $2,020,000 in January 2021. The location is further enhanced by its proximity to reserves, sports fields, Pakuranga Plaza, and highly regarded schools such as Sancta Maria College (Decile 7) and Pakuranga Heights School (Decile 4).
Educationally, the property falls within the catchment area of several esteemed schools, including Sancta Maria College for secondary education, Pakuranga Intermediate, and the nearby Edgewater College with a decile rating of 2. This is a perfect blend of convenience, potential, and a motivated vendor's invitation to seize a great bargain.
Updated on October 09, 2024