Nestled in the heart of Massey, this 1970s era, three-bedroom family home on 62 Makora Road is a freehold property with immense potential. The 120sqm floor area is complemented by a spacious 620sqm section, featuring a plastic exterior and tiled roof in good condition. The property includes a single carpark and is suitable for a variety of buyers, from DIY enthusiasts to investors. The capital value has seen a significant increase of 41.89% from $740,000 in 2017 to $1,050,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,025,000, while the latest sale history shows a sale in 2024 for $760,000 and another in 1998 for $175,000.
For investors, the property's Mixed Housing Urban zoning presents a solid investment opportunity with close proximity to all underground services. The property's CV growth and rental potential make it an attractive proposition. Additionally, the location boasts easy access to public transport, motorway onramps, and is just a short drive to the Northwest Shopping Centre, Costco, and various restaurants.
Educationally, the property falls within the zones of Massey High School (Decile 4), St Paul's School (Massey) (Decile 4), and Royal Road School (Decile 2), ensuring quality education options for the family. This property is a golden opportunity waiting to be seized by those with a creative vision and a strategic mindset.
Updated on August 01, 2024