Nestled on a level plot at 9 Arimu Road, Papakura, this freehold property boasts a capital value that has seen a remarkable increase of 41.38% from $580,000 in 2017 to $820,000 as of June 2021. Constructed in 1950 with wood walls and an iron roof, the dwelling maintains an average condition both inside and out. Spanning across 141 square meters of floor area and sitting on a generous 370 square meter section, this residence offers 4 bedrooms and is a prime example of comfortable living. The open plan kitchen and dining lead to a sizeable separate lounge equipped with a heat pump for year-round comfort. The property's latest sale was for $799,000 in 2024, a significant jump from the $198,000 sale in 2004, showcasing its investment potential. HouGarden's AVM estimates the property's value at $750,000, making it an attractive opportunity for savvy investors.
For families with children, the property falls within the zones of Papakura Normal School (Decile 3), Papakura Intermediate (Decile 1), and Papakura High School (Decile 1), ensuring quality education at all levels. The fully fenced section and convenient location, close to parks, shops, and public transport, add to the property's appeal. Whether you're looking to secure a spot on the property ladder or seeking a sound investment, this property is worth your immediate attention.
Embrace the ease of nearby amenities like Bruce Pulman Park and Sports Ground for leisurely pursuits. This is not just a home; it's a smart buy and an investment that promises returns. Act now and seize this excellent opportunity in the market.
Updated on December 11, 2024