9 Browns Road, Manurewa, Auckland - Manukau

Located at 9 Browns Road, Manurewa, Auckland - Manukau, this property features four bedrooms, a spacious floor area of 130 square meters, and sits on a generous land area of 756 square meters. The freehold property boasts a brick wall construction with a good condition rating and a tiled roof also in good condition. Built in 1960, the property is level and falls under the 'Residential - Rental flats (purpose built)' category, offering two carparks. This property is a perfect blend of comfort and potential, making it an ideal choice for investors and families alike.

The property has seen a significant increase in capital value, from $770,000 in July 2017 to $920,000 in June 2021, marking a 19.48% growth. The HouGarden AVM estimates its value at $907,500. Historical sales data reveals a sale for $250,000 in October 2003 and $190,000 in July 2000. The property's appeal is further enhanced by the recent renovations, including new kitchens, bathrooms, carpets, and a fresh interior paint job. Occupied by reliable tenants generating $1,100 weekly, this property presents a lucrative investment opportunity, especially with its potential for subdivision (subject to council approval) and its mixed housing suburban zoning.

Education is well catered for with Homai School (Contributing, decile 1), Manurewa High School (Secondary Year 9-15, decile 1), and Manurewa Intermediate (Intermediate, decile 1) all within the school zone. This property not only offers a solid investment but also ensures a quality education for the younger residents, making it an unmissable opportunity for families and investors alike.

Updated on March 21, 2024.