Nestled in the heart of Papatoetoe, this expansive 4-bedroom unit on Unit Title presents an attractive investment opportunity. Constructed in 2004 with roughcast walls and an iron roof, both in good condition, the property exudes durability and low maintenance living. The 174sqm floor area is spread over three levels, offering ample space for families, professionals, or investors. The property has seen a 1.47% Capital Value increase since 2017, with a current CV of $690,000.
With a HouGarden AVM of $670,000, and a latest sale history showing a significant jump from $360,000 in 2011 to $560,000 in 2019, the potential for growth is evident. This is further enhanced by the property's prime location, with easy access to amenities, public transport, and motorways.
For families with school-aged children, the property falls within the zones of Papatoetoe Intermediate (Decile 2), Papatoetoe Central School (Decile 4), and Papatoetoe High School (Decile 3), ensuring quality education options. The property's smart design includes two master bedrooms with en-suite bathrooms, an entertainment level with two decks, and a modern, well-equipped kitchen. With a rental appraisal of $750.00 - $800.00 per week, it's a rental investor's dream.
Updated on August 27, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 2 | 1 | 95m2 | 2024 10 16 | - | Council approved | |
 | 0.01 km | 3 | 2 | 116m2 | 2024 09 26 | $565,000 | Council approved | |
 | 0.17 km | 2 | 1 | -m2 | 2024 09 01 | $698,000 | Council approved | |
 | 0.02 km | 3 | 2 | 114m2 | 2024 08 22 | - | Council approved | |
 | 0.19 km | 3 | 2 | 134m2 | 2024 07 04 | $1,550,000 | Council approved |