Welcome to a rare and exciting investment opportunity located at 24 Wellington Street, Papakura, Auckland - a vibrant area with immense potential. This freehold property, built in 1930, boasts a versatile 3-bedroom home and is set on a spacious 1136m2 section with an easy/moderate rise contour. The Iron roof and Wood exterior walls are in average condition, and the property enjoys a tranquil setting within a quiet cul-de-sac. The government's capital value has seen a significant increase from $820,000 in 2017 to $1,225,000 as of June 2021, reflecting a growth of 49.39%. The HouGarden AVM estimates the property's value at $1,230,000, while the latest sales were recorded at $1,090,000 in May 2021 and December 2020.
For families, the property falls within the zones of Papakura Central School (Decile 4), Rosehill Intermediate (Decile 3), and Rosehill College (Decile 5), offering a range of quality educational options. This is not just a home; it's an investment that promises growth and opportunity, whether you choose to invest, do-up, or develop the land, which has Resource Consent approved for 7 dwellings.
Embrace the chance to own a piece of Papakura's future in a prime location, where the convenience of the town center and the tranquility of a lush, green neighborhood meet.
Updated on September 24, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | -m2 | 2024 10 23 | $801,250 | Council approved | |
 | 0.07 km | 4 | 2 | 183m2 | 2024 10 04 | $880,000 | Council approved | |
 | 0.16 km | 2 | 1 | -m2 | 2024 09 25 | $630,000 | Council approved | |
 | 0.35 km | 2 | 1 | -m2 | 2024 08 16 | $585,000 | Council approved | |
 | 0.06 km | 2 | 1 | -m2 | 2024 07 01 | $636,993 | Council approved |