Nestled in the heart of Onehunga, this prime vacant land at 5 Mariri Road is a golden opportunity on a freehold title. With a current Capital Value (CV) of $1,575,000 as of June 2021, it has shown a remarkable growth of 78.98% since July 2017. The property, set on a level contour, is the perfect canvas for development with pre-designed plans for 3-5 houses. Its potential is further enhanced by the convenient location and the prospect of being part of a community with excellent school options, including Baradene College, a decile 9 secondary school. The land, valued at $1,510,000 by HouGarden AVM, has a recent sale history with a property sold for $1,400,000 in March 2024 and $640,000 in February 2013, demonstrating the rapid appreciation of the area's capital value.
With a promising CV increase and a quiet neighborhood, this property is ideal for investors and homeowners looking to build their dream project. The area is served by a range of schools, including Oranga School (decile 3), Royal Oak Intermediate School (decile 2), Onehunga High School (decile 3), and Te Papapa School (decile 2), offering a comprehensive educational network for families.
Whether you're seeking a sound investment or a unique development opportunity, this land on a peaceful cul-de-sac street is a chance to create something truly special in the vibrant community of Onehunga.
Updated on April 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 3 | 1 | 113m2 | 2024 06 18 | $1,010,000 | Council approved | |
0.19 km | 2 | 1 | 59m2 | 2024 04 10 | $760,000 | Council approved | ||
0.19 km | 1 | 73m2 | 2024 03 14 | $799,000 | Council approved | |||
0.18 km | 2 | 1 | 65m2 | 2024 02 22 | $880,000 | Council approved | ||
 | 0.14 km | 4 | 210m2 | 2024 02 13 | $1,450,000 | Council approved |