Nestled in a peaceful cul-de-sac at 1/80 Portage Road, Papatoetoe, Auckland, this charming residential unit boasts a brick exterior and a tiled roof. It is a 2-bedroom, 1-bathroom home with a single carport, built in 1960 on a level contour. The property is under Cross-Lease ownership and offers a floor area of 60 square meters. Not only is it a cozy starter for first home buyers, but it also presents a solid investment opportunity with a capital value that has seen a 30.23% increase from $430,000 in 2017 to $560,000 as of June 2021. The HouGarden AVM estimates the property's value at $520,000, while the latest sales history shows a significant appreciation from $63,000 in 1994 to $87,000 in 2001.
For families, the property falls within the decile 2 school zones of Papatoetoe North School, Kedgley Intermediate, and Aorere College, ensuring quality education for children of all ages. The functional layout includes a compact yet efficient kitchen, renovated just 6 years ago, and a dedicated laundry space. The heat pump and insulated ceiling add to the comfort of this neatly presented abode. Currently tenanted and with a desire to stay, this property is convenient to shops, schools, and public transport, offering a great value that should not be missed.
With the owners set to head to Oz, this property must be sold. Don't miss the opportunity to secure this well-positioned and affordably priced home. Make your offer today!
Updated on May 21, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 2 | 1 | 97m2 | 2024 04 25 | $570,000 | Council approved | |
 | 0.11 km | 2 | 1 | 100m2 | 2024 04 03 | $530,000 | Council approved | |
 | 0.29 km | 2 | 1 | -m2 | 2024 03 20 | $670,000 | Council approved | |
 | 0.18 km | 5 | 2 | -m2 | 2024 03 01 | - | Council approved | |
 | 0.23 km | 4 | 3 | -m2 | 2024 02 01 | $1,080,000 | Council approved |