Nestled in the serene Compass Place of Te Atatu Peninsula, Auckland, this 1984-built, freehold property on a level 614sqm land area presents an exciting opportunity. The residence boasts three comfortable bedrooms, a single bathroom, and an inviting 84sqm floor area. With solid fibrous cement walls and a robust iron roof in good condition, it's a perfect canvas for renovation enthusiasts. The property has seen a 70.32% increase in Capital Value from $775,000 in 2017 to $1,320,000 as of June 2021, with a HouGarden AVM estimate of $1,230,000. This growth potential is further enhanced by its location in a desirable school zone. Te Atatu Intermediate and Peninsula Primary School, both with favorable deciles, are within easy reach, as is Rutherford College. For investors and families alike, this property offers a blend of value appreciation and educational excellence.
Recent market activity validates the property's allure, with a history of sales reflecting its escalating worth. The quiet cul-de-sac setting, prime positioning, and proximity to amenities and motorways make it an ideal blend of convenience and tranquility. Whether you're looking to add personal touches to create your dream home or seeking a sound investment, this property is a must-consider.
Crystal clear opportunities await in this property's school zone. With highly-rated institutions like Te Atatu Intermediate, Peninsula Primary, and Rutherford College nearby, educational excellence is assured. This, coupled with the property's increasing Capital Value and renovation potential, makes it an attractive prospect for families and investors who value both education and real estate growth.
Updated on June 17, 2024