Nestled in the serene cul-de-sac of 3 Olive Crescent, Papatoetoe, Auckland, this charming 3-bedroom, 1-bathroom residence with 2 car parks is a freehold property built in 1950. The home boasts a floor area of 95sqm and is set on a sprawling 883sqm section with an iron roof and wooden exterior walls in average condition. The property's capital value has seen a significant increase, rising from $695,000 in 2017 to the current $1,125,000 as of 2021, reflecting a growth rate of 61.87%. The HouGarden AVM estimates the property's value at $1,047,500, while the latest sale history includes transactions in 2004 for $200,000 and in 1991 for $104,000.
For families with school-aged children, the property falls within the zones of Kedgley Intermediate, Aorere College, and Papatoetoe South School, all with a decile rating of 2. The generous section provides ample space for children to roam and play, while the shedding and double garage offer extensive storage solutions. The open-plan living and dining area is bathed in natural light, and the heat pump and fireplace ensure year-round comfort.
With its prime location, close to Hunters Plaza Shopping Centre, Old Papatoetoe Town Centre, and various leisure facilities within a 3km radius, this property is not only an ideal family home but also a strategic investment opportunity. Whether you seek a place to raise a family or an astute land banking option with potential for subdivision, 3 Olive Crescent is a golden opportunity not to be missed.
Updated on July 12, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | 90m2 | 2024 10 31 | $750,000 | Council approved | |
 | 0.15 km | 3 | 1 | 98m2 | 2024 10 23 | $836,000 | Council approved | |
 | 0.22 km | 3 | 1 | 95m2 | 2024 10 23 | $780,500 | Council approved | |
 | 0.12 km | 3 | 1 | 117m2 | 2024 09 13 | $765,000 | Council approved | |
 | 0.16 km | 3 | 1 | 0m2 | 2024 09 01 | - | Council approved |