1 Lomas Place, Manurewa, Auckland - Manukau

Located at 1 Lomas Place, Manurewa, Auckland - Manukau, this property offers a unique investment opportunity with its dual dwelling setup on a substantial 981m2 freehold section. The main residence features wood construction with an iron roof, presenting a mixed condition for both wall and roof. It comprises six bedrooms, one bathroom, and one carpark, covering a floor area of 150m2. This property falls under the 'Residential - Vacant land multiple housing' category, boasting a level property contour, making it an ideal choice for families or investors.

From a financial perspective, the property has seen a significant increase in capital value, rising from $780,000 in July 2017 to $990,000 in June 2021, marking a 26.92% growth. The latest HouGarden AVM estimates its value at $975,000. Historical sales data reveals a purchase price of $364,500 in February 2014 and $169,500 in January 1997, highlighting the property's appreciating value over time. The potential for rental income is substantial, with current appraisals suggesting up to $1,330 per week for both homes combined.

Education is a key feature of this location, with the property being zoned for Homai School, Manurewa High School, Manurewa Intermediate, and Manurewa West School, all of which are decile 1 institutions. This makes it an excellent choice for families prioritizing education. Each school caters to different educational levels, from contributing to secondary (Year 9-15) and intermediate, ensuring comprehensive coverage for all age groups.

Updated on March 22, 2024.