3 Terry Place, Otara, Auckland - Manukau

Located at 3 Terry Place, Otara, Auckland - Manukau, this residential dwelling boasts 2 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 84 m2 on a generous 645 m2 section. Built in the 1960s with wood walls in good condition and an iron roof in average condition, this freehold property offers a blend of charm and potential. The land's contour presents an easy/moderate fall, ideal for development or renovation projects.

From its initial capital value of $540,000 in July 2017, the property has seen a significant appreciation, reaching $820,000 by June 2021, marking a 51.85% increase. Despite this, the HouGarden AVM estimates its value at $810,000. Its auction is scheduled for 19 March 2024 at 62 Highbrook Drive, East Tamaki, highlighting its potential as a family home requiring some TLC or as a development opportunity. The property's proximity to Otara Town Centre, Otara Pool and Leisure Centre, and the Manukau Institute of Technology | Te Pukenga (Otara campus) adds to its appeal, offering easy access to State Highway 1.

School zoning includes Tangaroa College and Sir Edmund Hillary Collegiate Senior School, both secondary institutions with a decile rating of 1. This property presents a unique opportunity for families or investors looking to capitalize on the educational amenities and community facilities in the area.

Updated on March 22, 2024.