Nestled on a prime section at 5 Richards Avenue, Papatoetoe, Auckland, this residential rental flat complex boasts a versatile layout with 8 bedrooms and 2 car parks. Constructed with mixed materials for both the walls and roof, this freehold property sits on a land area of 859 square meters, with a floor area of 320 square meters. The property's contour is characterized by an easy to moderate rise, and the condition of both the walls and roof is mixed.
As for the financials, the capital value has seen a significant increase from $1,480,000 in 2017 to $1,750,000 as of June 2021, marking a growth of 18.24%. The HouGarden AVM estimates the property's value at $1,675,000. Notably, the latest sale history includes transactions in 2005 for $700,000 and in 2004 for $584,000.
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 access to quality education.
Updated on May 02, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 2 | 1 | 63m2 | 2024 02 26 | $530,000 | Council approved | |
0.04 km | 2 | 1 | 58m2 | 2024 02 12 | $530,000 | Council approved | ||
0.04 km | 1 | 56m2 | 2024 02 12 | $539,500 | Council approved | |||
0.04 km | 1 | 56m2 | 2024 02 08 | $530,000 | Council approved | |||
0.04 km | 1 | 56m2 | 2024 01 23 | $530,000 | Council approved |