Nestled in a serene cul-de-sac at 157a Russell Road, Manurewa, Auckland, this freehold property on 885m2 of land (Zoned THAB) boasts a capital value that has seen an impressive increase of 86.5% from $630,000 in 2017 to $1,175,000 as of June 2021. The 1960-built home with wood exterior walls and tiled roofing has 3 bedrooms, 1 bathroom, and a single carpark, offering a generous floor area of 97m2. The property, with average wall and roof conditions, presents a golden opportunity for developers, builders, and homeowners looking to renovate or build their dream home, potentially subdividing the land subject to council approval.
Valuation history shows a HouGarden AVM of $1,009,500, with the latest sales recorded at $650,000 in 2020 and $535,000 in 2015. This well-positioned section with good rental income potential and services nearby is perfect for land banking or exploring future development prospects.
For families, the property falls within the catchment area of several schools, including Manurewa High School, Manurewa Intermediate, Manurewa West School, and James Cook High School, all with a decile rating of 1. The location provides easy access to public transport, motorways, and shopping centers, blending community vibes with convenience.
Updated on October 23, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 3 | 2 | 120m2 | 2024 12 05 | - | Council approved | |
0.04 km | 1 | 1 | 30m2 | 2024 10 25 | $380,000 | Council approved | ||
 | 0.18 km | 3 | 1 | 90m2 | 2024 10 16 | - | Council approved | |
 | 0.38 km | 3 | 1 | -m2 | 2024 09 24 | - | Council approved | |
 | 0.46 km | 3 | 1 | -m2 | 2024 08 28 | - | Council approved |