180 Old Wairoa Road, Papakura, Auckland - Papakura

Nestled on a level plot at 180 Old Wairoa Road, Papakura, Auckland, this charming residential dwelling boasts a freehold title and a convenient layout with 2 bedrooms and 1 bathroom. Constructed in 1960 with fibrous cement walls and an iron roof, the property presents an average condition both inside and out. The living space is open plan, complemented by a brand new kitchen and a newly tiled bathroom. With a floor area of 71 square meters and a land area of 454 square meters, this property includes a separate laundry but no car parks. Notably, the capital value has seen a rapid increase of 33.33%, from $540,000 in 2017 to $720,000 as of 2021, with the HouGarden AVM estimating the property at $715,000. The latest sale history shows a significant jump from $250,000 in 2014 to $575,000 in 2024, indicating a promising investment opportunity.

As for the school zone, the property falls within the catchment area of Cosgrove School, Papakura Intermediate, and Papakura High School, all with a decile rating of 1. This quiet cul-de-sac location provides a peaceful environment for families, and the property is priced $90,000 below the current CV, making it an attractive prospect for both homeowners and investors.

Updated on November 06, 2024