74 Mahunga Drive, Favona, Auckland - Manukau

Nestled in the serene Favona neighborhood of Auckland, 74 Mahunga Drive presents a valuable opportunity on a freehold property. This 1985-built home boasts 3 bedrooms, 1 bathroom, and 2 car parks, all set on a level 605sqm lot with a fibrous cement exterior and tiled roof in good condition. The property's capital value has seen a significant increase from $650,000 in 2017 to $1,100,000 as of June 2021, reflecting a growth of 69.23%. The latest sales history includes transactions in 2014 and 2009, with the HouGarden AVM currently valuing the property at $1,107,500.

For families, the property falls within the zones of Mangere Bridge School (Decile 3), Sir Douglas Bader Intermediate (Decile 1), and Royal Oak Intermediate School (Decile 2), offering a variety of educational options. The location provides convenience, with easy access to amenities, public transport, and potential for sub-division, subject to council approval.

With its prime zoning for terrace and apartment development, and the potential to add value, this property is a gem waiting to be polished. Whether you're a first-time buyer or an investor, it's a golden opportunity to start a new chapter.

Updated on September 19, 2024