3/10 Penion Drive, Flat Bush, Auckland - Manukau

Nestled in the serene Penion Drive cul-de-sac, this 1997-built, fibrous cement and tile-roofed residence offers a prime opportunity for homebuyers and investors alike. The 3-bedroom, 1-bathroom, and single carpark property boasts a well-maintained interior and a level contour on a cross-lease section. With a Capital Value (CV) of $770,000 as of June 2021, it has seen a 28.33% increase since July 2017, reflecting a sound investment. The property's HouGarden AVM stands at $740,000, while the latest sale history shows a significant leap from $196,000 in 2012 to $610,000 in 2023, indicating strong market growth.

For families, the property falls within the catchment of both Dawson School (decile 1) and Tangaroa College (decile 1), ensuring quality education is within easy reach. The residence, fully renovated and ready for occupancy, features a modern kitchen, open-plan living, a generous family bathroom, and a carport. It's set on a 1/3 share of a 1200sqm section, fenced on three sides, and is mere minutes from local amenities, parks, and major shopping centers.

Located in a safe and quiet neighborhood, this property is perfect for those looking to escape the rental cycle and secure their own slice of Flat Bush, Auckland. With rental potential appraised at $750 - $770 per week, it's an attractive prospect for both homeowners and landlords seeking to expand their property portfolio.

Updated on April 12, 2024