1/10 Margaret Road, Papatoetoe, Auckland - Manukau

Nestled in the heart of Papatoetoe, this charming 2-bedroom, 1-bathroom residence with 2 car parks is a perfect blend of comfort and potential. Constructed in 1970 with solid brick walls and tiled roofing, this cross-lease property sits on a level contour with average wall and roof conditions. The 60 square meter floor area is complemented by a modern modular kitchen, open plan dining, and a separate laundry, while the inclusion of two heat pumps ensures year-round comfort. Outside, a big garden space with a porch and a garden shed provides ample storage and privacy.

As for investment value, the property has seen a CV increase of 31%, from $420,000 in 2017 to $550,000 as of June 2021. The HouGarden AVM estimates the property at $552,500, with the latest sales recorded in 2007 and 2006 at $241,500 and $197,000 respectively. This property is not only a solid investment but also a perfect starter home in a sought-after school zone.

Educationally, the property falls within the decile 2 school zones of Kedgley Intermediate, Aorere College, and Papatoetoe South School, ensuring quality education for the family. With easy access to local amenities, Papatoetoe Train Station, and motorway, this property offers both convenience and a peaceful living environment.

Updated on September 24, 2024