Nestled in the serene Favona neighborhood of Auckland, at 5 Clare Place, lies a charming freehold property - an ideal investment opportunity. This well-maintained 2-bedroom, 1-carpark home built in 2012 boasts of a brick exterior and a tiled roof, both in good condition. Spanning 105m2 of floor area on a levelled 301m2 section, it presents a low-maintenance lifestyle with modern comforts like a heat pump. The capital value has seen a rapid increase of 29%, from $660,000 in 2017 to $850,000 as of June 2021. The HouGarden AVM estimates it at $842,500, while the latest sales were for $480,000 in 2016 and $320,000 in 2012.
For families, the property falls within the decile 2 Favona School zone and the decile 1 Southern Cross Campus for years 7-8. It's a savvy investment with a potential for consistent rental income, currently grossing $32,760 annually. Its convenient location, close to amenities and transport, makes it a prime choice for investors seeking a reliable addition to their portfolio.
With a focus on health and comfort, this property meets the Healthy Homes standards, ensuring warmth and ventilation. The spacious layout, bright living area, and functional kitchen add to the appeal. This is not just a house; it's a secure income-generating asset in a high-demand rental area. Don't miss the chance to inspect this property on Saturday, 23rd from 12.00-12.30pm.
Updated on December 02, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 1 | -m2 | 2024 12 04 | $770,000 | Council approved | |
0.18 km | 2 | 119m2 | 2024 10 23 | $760,000 | Council approved | |||
 | 0.30 km | 4 | 3 | -m2 | 2024 08 01 | $835,000 | Council approved | |
 | 0.15 km | 4 | 1 | -m2 | 2024 08 01 | $945,000 | Council approved | |
 | 0.17 km | 4 | 1 | -m2 | 2024 06 25 | $835,000 | Council approved |