37 Ferguson Street, Manurewa, Manukau City

Nestled on a serene cul-de-sac at 37 Ferguson Street, Manurewa, Auckland, this 1963-built residential property offers a promising investment opportunity on a freehold title. The 3-bedroom, 2-car park home sits on a flat, rectangular section of approximately 685sqm. Constructed with fibrous cement walls and an iron roof, both in average condition, the property presents a cozy interior with a tidy kitchen and bathroom. Notably, the capital value has seen a 33.33% increase from $630,000 in 2017 to $840,000 as of June 2021, with the HouGarden AVM estimating it at $842,500. The latest sales were recorded at $720,000 in 2024 and $460,000 in 2016, indicating a steady growth trend.

For families, the property falls within the zones of Manurewa East School, a contributing primary with a decile rating of 1, and Alfriston College, a secondary school with a decile rating of 2. This prime urban land is not only an ideal rental investment but also holds potential for development, with immediate possession available for swift movers. It's a golden opportunity for investors or renovators seeking to capitalize on the market's upward trajectory.

Located in a neighborhood with excellent future potential, the property is close to the train station and all essential amenities, making it a convenient choice for modern living.

Updated on September 18, 2024