Welcome to 3 Palermo Place, a beautifully renovated freehold property in the serene Clover Park. This 4-bedroom, 1-bathroom home with a floor area of 77sqm and a vast land area of 632sqm boasts of comfortable living spaces, an iron roof, and fibrous cement walls in good condition. Constructed in 1983, it sits on a site with an easy/moderate rise contour, providing both investment potential and development opportunities. The property's Capital Value has seen a significant increase from $580,000 in 2017 to $820,000 as of June 2021, reflecting a growth of 41.38%. The latest sale was for $750,000 in April 2021, while the HouGarden AVM estimates the property's worth at $800,000.
For families with school-aged children, the property falls within the zones of Dawson School and Tangaroa College, both with a decile rating of 1. The property's location and versatile layout present a substantial rental income potential, making it an attractive prospect for investors. Developers will find the subdividable site with existing services a golden opportunity to maximize land use. This Clover Park gem offers immediate comfort and promises long-term financial returns.
Education wise, the property is served by the contributing Dawson School and Tangaroa College, a secondary school catering to years 9-15. Both institutions are rated 1 on the decile scale, indicating a strong educational support system in the area.
Updated on August 23, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 3 | 1 | 100m2 | 2024 11 26 | - | Council approved | |
 | 0.23 km | 3 | 1 | 90m2 | 2024 10 31 | - | Council approved | |
 | 0.06 km | 3 | 1 | 0m2 | 2024 10 09 | $705,000 | Council approved | |
 | 0.32 km | 3 | 1 | 0m2 | 2024 10 01 | - | Council approved | |
 | 0.30 km | 3 | 1 | -m2 | 2024 08 25 | - | Council approved |