Nestled in the highly sought-after location of 59 Hillcrest Road, Papatoetoe, Auckland, this freehold property on a generous 1012 sqm of land offers immense potential. The 3-bedroom, 1-bathroom home with 2 car parks and an 89 sqm floor area is complemented by an iron roof and wooden exterior walls, built in 1942 and in average condition. The site has an easy to moderate rise contour, perfect for development. As per the latest government valuation, the capital value has surged to $1,675,000 as of June 2021, marking a 100.59% increase since July 2017. The HouGarden AVM estimates the property at $1,685,000, with a notable sales history - the last sale being in 2006 for $333,000.
For investors and developers, the property's proximity to Kedgley Intermediate, Aorere College, and Papatoetoe West School - all with a decile rating of 2 - adds to its allure. This is an ideal opportunity to landbank or develop in a prime area with strong demand for rental properties and new developments, close to amenities and transport links.
With a history of development surrounding the area and the potential for either renovating the existing structure or starting anew, this property is a golden opportunity. Whether you're looking to add value through renovation or to clear the land for a fresh start, the possibilities are vast. Don't miss your chance to be part of this thriving community and to contribute to its future.
Updated on September 23, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 2 | 1 | -m2 | 2024 11 20 | $610,000 | Council approved | |
 | 0.23 km | 3 | 2 | -m2 | 2024 10 01 | - | Council approved | |
 | 0.14 km | 2 | 1 | -m2 | 2024 09 01 | $505,000 | Council approved | |
 | 0.10 km | 3 | 1 | -m2 | 2024 08 30 | - | Council approved | |
0.09 km | 2 | 1 | 88m2 | 2024 08 20 | $350,000 | Council approved |