225 Panama Road, Mount Wellington, Auckland

Nestled on a generous 675m2 freehold section, this original 1960s home at 225 Panama Road, Mount Wellington, Auckland, boasts a charming brick exterior and an iron roof. With three spacious bedrooms and a floor area of 117m2, this residential dwelling offers a blend of classic nostalgia and potential for modern updates. The property, valued at $1,190,000 as per the latest government valuation, has seen a CV increase of 63% since 2017, reflecting its growing capital value. The HouGarden AVM estimates the property's worth at $1,195,000, aligning closely with the official figures.

Historically, the property has demonstrated strong growth, with a recent sale history that speaks to its desirability. The capital value increase is a testament to the investment potential of this property in a sought-after location.

For families with school-aged children, the property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. This indicates a strong educational institution in the area, adding to the property's appeal.

Updated on September 20, 2024