Nestled in the heart of Papatoetoe's Golden Circle, 5 Margan Avenue presents a stunning opportunity on a generous 1009 square metre section. This freehold property, built in 1950 with wood exterior walls and tiled roofing, offers 4 bedrooms, 2 car parks, and a floor area of 141 square metres. The property boasts an average condition for both walls and roof, and sits on a section with an easy/moderate rise contour. The capital value has seen a 50.44% increase from $1,130,000 in 2017 to $1,700,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,655,000. Educationally, the property falls within the zones of Papatoetoe West School (Decile 2), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Decile 3), ensuring quality education for the family. This property is not just a home but a golden investment opportunity in a prime location.
With a rich history of over three decades of family memories, this property invites you to continue its legacy. The spacious layout, two living areas, and a freestanding double garage with additional storage make it an ideal family home or a lucrative investment. The property's potential is further enhanced by its proximity to amenities, with no flood zone and underground services located on public land, making it a prime candidate for future development under the Auckland Unitary Plan's Mixed Housing Suburban Zone.
Enjoying a quiet cul-de-sac street, the property is secure and private, with an alarmed system for peace of mind. The north-facing aspect ensures sun-filled living areas, and the large backyard is perfect for family BBQs and gardening. Located within walking distance to shops, the train station, and zoned for highly sought-after schools, this property offers convenience and comfort. Commuters will appreciate the easy access to motorways, hospitals, shopping centers, and the airport, with the CBD just 22 minutes away. This is a rare chance to own a piece of Golden Circle gold, a home where memories are made.
Updated on July 19, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 5 | 1 | -m2 | 2024 12 11 | $1,780,000 | Council approved | |
 | 0.15 km | 2 | 1 | 101m2 | 2024 11 26 | - | Council approved | |
 | 0.11 km | 4 | 2 | 148m2 | 2024 10 31 | $875,000 | Council approved | |
 | 0.17 km | 3 | 0m2 | 2024 08 16 | $1,934,000 | Council approved | ||
 | 0.15 km | 2 | 1 | 101m2 | 2024 07 18 | $580,000 | Council approved |