386 Drury Hills Road, Drury, Auckland - Papakura

Nestled on a serene freehold section at 386 Drury Hills Road, this expansive 4-bedroom residence is a gem in the burgeoning Auckland suburb. Constructed in 1980 with robust brick walls and tiled roofing, the property stands in good condition both inside and out. Spanning over 1,670 square feet of floor area and 11,373 square feet of land, it's a perfect blend of comfortable living and potential for growth. The property's Capital Value has seen a rapid increase of 44.7%, from $1,520,000 in 2017 to $2,200,000 as of June 2021, showcasing its investment potential. The latest sale history dates back to 2018 at $1,480,000, with a substantial increase from the previous sale in 2000 at $483,000.

Valued at $2,105,000 by the HouGarden AVM, this property not only offers a peaceful lifestyle but also a smart investment with a current rental income of $69,200 per annum. It's strategically located in a sought-after school zone, with Drury School, a decile 7 institution, being one of the highlights. Additionally, Papakura High School and Rosehill College, both secondary schools, are within easy reach. The area is zoned for future urban development, making it an even more attractive proposition for the discerning investor.

With a level contour and well-maintained grounds, the property features a swimming pool, double garage, and a substantial four-bay shed. The working glasshouse, covering approximately 1,500 square meters, adds to the property's income potential. Don't miss the opportunity to secure a stake in one of Auckland's fastest-growing regions, where development is on the horizon.

Updated on April 19, 2024