Nestled at 657n Great South Road, Penrose, Auckland, this industrial warehousing property boasts a unit title and a floor area of 145 square meters. Constructed in 1985, the building features mixed materials for the walls and an iron roof, both in good condition. It is situated in a prime location with convenient access and a promising capital value growth.
Since 2017, the capital value has seen a significant increase of 68.57%, reaching $590,000 as of June 2021. The HouGarden AVM estimates the property's value at $562,500, while the latest sale records from August 2024 and November 1996 indicate a consistent appreciation, with the latest sale price matching the government valuation.
For families, the property falls within the catchment area of several schools. Baradene College, a secondary school with a decile rating of 9, Te Papapa School, a contributing school with a decile rating of 2, and One Tree Hill College, a secondary school with a decile rating of 3, are among the options available.
Updated on October 16, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.74 km | 4 | 3 | 138m2 | 2024 12 20 | - | Council approved | |
 | 0.65 km | 3 | 1 | 83m2 | 2024 11 15 | - | Council approved | |
 | 0.57 km | 3 | 2 | -m2 | 2024 10 25 | $1,134,000 | Council approved | |
 | 0.50 km | 2 | 1 | 72m2 | 2024 10 04 | - | Council approved | |
 | 0.64 km | 2 | 1 | 60m2 | 2024 09 30 | - | Council approved |