Nestled in a serene cul-de-sac at 6 Fellbrook Street, Manurewa, Auckland, this prime development site boasts 696m² of freehold land zoned for Mixed Housing Suburban. The property, with its fibrous cement walls and tiled roof, was built in 1971 and is in good condition. It features 8 bedrooms, 5 bathrooms, and 2 carparks, with a floor area of 84m². The site was originally envisioned for five modern two-level, two-bedroom terraced houses, each with a designated carpark. The capital value has seen a significant increase from $530,000 in 2017 to $1,075,000 as of June 2021, reflecting a growth rate of 102.83%. The HouGarden AVM estimates the property's value at $1,047,500, while the latest sales were recorded at $865,000 in June 2021 and $568,000 in December 2017.
For families, the property falls within the catchment area of several schools, including Manurewa High School, Clendon Park School, Manurewa Intermediate, and James Cook High School, all with a decile rating of 1. This is an opportunity not to be missed, ready for you to capitalize on a promising development project in a thriving area.
Ready, Set, Build! Don't delay in exploring this potential-rich property, ideally located within walking distance to local amenities and the Wiri Commercial Precinct.
Updated on August 20, 2024