48 Fernaig Street, Papakura, Auckland - Papakura

Nestled in the heart of Papakura, Auckland, 48 Fernaig Street stands as a prime property on a level 883m² freehold section. Constructed in 1964 with wood walls and tiled roofing, this 111m² residential vacant land holds immense potential with its 3-bedroom layout, average wall and roof conditions, and a separate double garage equipped with a tools room. The property's capital value has seen a remarkable increase of 92.03%, jumping from $690,000 in 2017 to $1,325,000 as of June 2021. The HouGarden AVM estimates it at $1,315,000, while the latest sales were recorded at $310,000 in 2006 and $200,000 in 1997.

For families, the property falls within the Cosgrove School, Papakura Intermediate, and Papakura High School zones, all rated at a decile 1. This is an ideal investment for those seeking a quiet cul-de-sac lifestyle, close to amenities and public transport. The property's development potential is further enhanced by the existing essential services on site, making it a golden opportunity for developers or investors.

Act now to secure this property at auction. With a perfect blend of convenience, potential, and a proven track record of value appreciation, this is a chance not to be missed!

Updated on November 26, 2024