7/243a Saint George Street, Papatoetoe, Auckland - Manukau

Nestled in a serene cul-de-sac at 7/243a Saint George Street, Papatoetoe, Auckland, this 46 sq m residential apartment boasts a comfortable layout with one bedroom, one bathroom, and a carport. Constructed in 1978 with brick walls and tiled roofing, the unit presents an average condition both inside and out. It's perfect for investors, currently tenanted at $450 per week, or for first-time buyers and downsizers looking for an affordable home with a high rental yield. The property, held under a Unit Title, has recently had a new roof installed, enhancing its appeal. It's strategically located, providing easy access to motorways, the Papatoetoe town center, and esteemed local schools, including Papatoetoe Central, Intermediate, and High School. With a government valuation (CV) of $400,000 as of June 2021, a significant increase of 37.93% from $290,000 in July 2017, and an estimated value of $392,500 by HouGarden AVM, this flat is priced attractively at offers over $395,000. Historically, it sold for $145,000 in 2006 and $318,000 in 2004, demonstrating its consistent capital value growth potential.

With a decile rating of 2, Papatoetoe Intermediate is in the zone, along with Papatoetoe Central School rated 4 and Papatoetoe High School rated 3, providing a solid educational foundation for families. This property not only offers a peaceful lifestyle but also a promising investment opportunity, especially with the slashed price for a quick sale.

Updated on August 20, 2024