Welcome to 2/99 Station Road, Papatoetoe, a charming residential unit with a strong potential for investment. This property, built in 1976 with concrete walls and tiled roof, is in good condition and offers 2 bedrooms, 1 bathroom, and a single car internal garage. It stands on a level contour with a floor area of 97sqm, under the Unit Title ownership. The capital value has shown a significant increase of 26% from $500,000 in 2017 to the current $630,000 as of June 2021. The HouGarden AVM estimates the property at $602,500, while the latest sale was recorded at $550,000 in August 2022.
From a valuation perspective, this property has a promising history with a clear trend of capital value growth. The recent sale history also indicates a positive market sentiment. This is a perfect opportunity for investors or families looking for a home in a convenient location with good schools. The nearby schools, Kedgley Intermediate, Aorere College, and Papatoetoe West School, are all rated with a decile of 2, reflecting a good standard of education in the area.
Station Road is a quiet cul-de-sac, providing a peaceful living environment. The property is close to amenities and public transportation, offering a comfortable and convenient lifestyle. Don't miss the chance to secure this brick and tile beauty as your dream home or investment.
Updated on May 02, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
0.16 km | 5 | 2 | 140m2 | 2024 05 14 | $1,025,000 | Council approved | ||
 | 0.25 km | 2 | 1 | 100m2 | 2024 04 10 | $557,500 | Council approved | |
 | 0.25 km | 2 | 1 | -m2 | 2024 04 02 | $535,000 | Council approved | |
 | 0.09 km | 4 | 2 | 0m2 | 2024 04 01 | $835,000 | Council approved | |
 | 0.13 km | 5 | 2 | -m2 | 2024 03 01 | - | Council approved |