Located at 1/5 Hamilton Road, Papatoetoe, Auckland - Manukau, this residential dwelling boasts 2 bedrooms, 1 bathroom, and spans across an 80m² floor area with a cross-lease ownership type. The property, constructed in 1940 with brick walls and tile roofing, presents an average condition for both its exterior walls and roof. Nestled in a level contour, it lacks a dedicated carpark but compensates with its charm and historical allure.
The property has seen a significant appreciation in its capital value, growing from $590,000 in July 2017 to $720,000 by June 2021, marking a 22.03% increase. Despite this, the HouGarden AVM estimates its value at $690,000. Historical sales data reveals a steady climb in value, with sales recorded at $262,000 in August 2005 and $415,000 in November 2013. The property's allure is further highlighted by its auction description, emphasizing its unique charm and the emotional pull it exerts, alongside practical upgrades such as a new roof, complete rewiring, and full insulation.
School zoning is a crucial aspect for families, and this property falls within the catchment areas for Papatoetoe Intermediate (decile 2), Papatoetoe High School (decile 3), and Papatoetoe East School (decile 2), offering a range of educational options. The property's location and its proximity to these schools add to its appeal for families prioritizing education.
Updated on April 04, 2024.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 1 | 80m2 | 2024 10 01 | $703,000 | Council approved | |
 | 0.24 km | 3 | 1 | 130m2 | 2024 09 26 | $820,000 | Council approved | |
 | 0.20 km | 2 | 1 | -m2 | 2024 09 01 | $712,000 | Council approved | |
 | 0.19 km | 5 | 214m2 | 2024 07 15 | $1,036,000 | Council approved | ||
 | 0.20 km | 3 | 1 | -m2 | 2024 07 01 | $1,185,000 | Council approved |