309 Don Buck Road, Massey, Auckland - Waitakere

Nestled in the tranquility of a quiet cul-de-sac at 309 Don Buck Road, Massey, Auckland, this residential dwelling on a freehold title boasts 3 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1960 with wood walls and tiled roofing, the property covers a floor area of 150sqm and sits on a generous 1292sqm section with a steep fall contour. The roof and walls are in average condition, while the capital value has seen a remarkable increase from $700,000 in 2017 to $1,575,000 as of June 2021, reflecting a 1.25 times growth. This is an ideal investment opportunity, with the HouGarden AVM estimating the property's worth at $1,465,000, and the latest sale recorded in 1994 at $90,000, indicating significant potential for further value appreciation.

For families, the property falls within the zones of Massey Primary School (Decile 3) and Massey High School (Decile 4), with St Paul's School (Massey) also nearby, offering a range of educational options. The location provides easy access to motorways, public transport, and is conveniently close to amenities and green spaces, making it an attractive proposition for both investors and families.

With the promise of no body corporate fees and the prospect of titles being issued around April 2024, this bulk buy opportunity of 5 freehold townhouses is a deal not to be missed. It's a perfect fit for investors who can discern the exceptional value in a package that's expected to sell well below market value when acquired collectively.

Updated on May 20, 2024