Nestled at the back on a generous 411m2 plot of land, this character bungalow at 1/150 Favona Road, Favona, Auckland - Manukau, offers a slice of history and a world of opportunity for both first-time buyers and savvy investors alike. With three bedrooms, one bathroom, and one carpark, this Cross-Lease property spans a floor area of 116m2. Built in 1930, the house features wooden walls and an iron roof, both in average condition, and sits on a land contour described as Easy/Moderate Fall. This residential dwelling encapsulates the essence of vintage charm, with its architectural details and unique character.
Over the years, the capital value of this property has seen a significant increase, from $600,000 in July 2017 to $790,000 in June 2021, marking a 31.67% growth. The latest HouGarden AVM estimates its value at $780,000. The property last changed hands in April 2016 for $528,000. This bungalow not only promises a return on investment but also holds a story of a beloved family home, ready for its next chapter with a new owner.
Located within the school zones of Favona School (Decile 2, Contributing) and Southern Cross Campus (Yrs 7-8) (Decile 1, Composite), this property offers educational opportunities in close proximity. Its timeless appeal and potential for further development make it an attractive option for families looking to create their own legacy within its walls.
Updated on March 22, 2024.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.28 km | 4 | 2 | -m2 | 2024 06 19 | $878,000 | Council approved | |
 | 0.19 km | 3 | 1 | 90m2 | 2024 06 12 | $797,500 | Council approved | |
 | 0.23 km | 4 | 1 | 100m2 | 2024 05 01 | $737,000 | Council approved | |
0.08 km | 6 | 3 | 104m2 | 2024 02 29 | $3,450,000 | Council approved | ||
 | 0.23 km | 3 | 2 | 92m2 | 2024 01 12 | $870,000 | Council approved |