41 Margaret Road, Papatoetoe, Auckland - Manukau

Located at 41 Margaret Road, Papatoetoe, Auckland - Manukau, this spacious 3-bedroom property sits on a generous 857sqm land area, offering a layout with unlimited potential. Perfect for those seeking a versatile living space, it features one carpark, a floor area of 113sqm, and is constructed with mixed materials for the walls and tiles for the roof, both in average condition. Built in 1920, this freehold property falls under the 'Residential - Vacant land multiple housing' category and is set on level contour land, making it ideal for expansion, landscaping, and outdoor activities.

The property has seen a significant increase in capital value, from $720,000 in July 2017 to $1,125,000 in June 2021, marking a 56.25% growth. The latest HouGarden AVM estimates its value at $1,107,500. Historical sales data reveals it was last sold for $180,000 in October 2001, after a previous sale at $115,000 in February 1996. This demonstrates the property's substantial appreciation over time and its potential as a lucrative investment.

For families considering educational opportunities, the property is zoned for Kedgley Intermediate, Aorere College, and Papatoetoe South School, all of which have a decile rating of 2. This location offers a blend of comfortable living and access to educational facilities, making it a promising option for families looking to settle in a community-focused area.

Updated on March 22, 2024.