Boasting a prime location at 46 Gadsby Road, Favona, Auckland, this freehold property is a charming residential dwelling built in 1997 with a brick exterior and tiled roof, both in good condition. The interior spans 130 square meters, with 4 bedrooms, and is complemented by a single carpark and a levelled 463 square meter section. The property's Capital Value (CV) has seen a remarkable increase of 32.84% from $670,000 in 2017 to $890,000 as of June 2021. The HouGarden AVM estimates the property's value at $867,500, while the latest sales were recorded at $385,000 in 2013 and $365,000 in 2008.
With a CV growth rate that outpaces the market average, this property is not just a home but a sound investment. It is situated in a desirable school zone, with Favona School (Decile 2), Koru School (Decile 1), and Southern Cross Campus (Years 7-8, Decile 1) providing quality education options. The property's key features include a fully fenced and electric gated entrance, an HRV ventilation system, and 3 heat pumps for year-round comfort.
For families seeking a quiet and convenient lifestyle, this property in a peaceful cul-de-sac is just a 15-minute drive from the airport, offering the perfect blend of comfort, convenience, and potential for further value appreciation.
Updated on August 30, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 3 | 1 | -m2 | 2024 08 01 | - | Council approved | |
 | 0.27 km | 4 | 1 | -m2 | 2024 08 01 | $945,000 | Council approved | |
 | 0.31 km | 4 | 2 | -m2 | 2024 08 01 | $950,000 | Council approved | |
 | 0.18 km | 3 | 1 | 110m2 | 2024 07 31 | - | Council approved | |
 | 0.39 km | 4 | 3 | 195m2 | 2024 07 26 | - | Council approved |