12 Cargill Street, Papakura, Auckland - Papakura

Nestled in a serene cul-de-sac at 12 Cargill Street, Papakura, Auckland, this residential vacant land with a freehold title offers immense potential. The property boasts 3 bedrooms, 1 bathroom, and a comfortable floor area of 88 square meters, all set on a sprawling 708 square meter section. Constructed in 1970 with average-condition wood walls and iron roofing, this property is primed for development with a resource consent available for 5 new homes. The capital value has seen a staggering increase of 73.2% from $510,000 in 2017 to $880,000 as of June 2021, demonstrating a sound investment opportunity. The latest sales in the area highlight the property's potential, with sales prices of $1,416,000 in November 2021 and $905,000 in March 2021. The HouGarden AVM estimates the property's value at $857,500, making it an attractive prospect for developers and investors.

From an educational perspective, the property falls within the zones of Cosgrove School, Kelvin Road School, Papakura Intermediate, and Papakura High School, all with a decile rating of 1. This indicates a strong educational network for families. With services on-site, a weekly rental return of $650, and its strategic location near the Papakura Town Center, local amenities, and easy access to both the Southern and Northern motorways, this property is a golden opportunity not to be missed.

Act now, as this property is sold under the hammer and presents an exceptional chance to secure a prime piece of real estate. Don't let this rare opportunity slip through your fingers!

Updated on August 30, 2024