101 Gossamer Drive, Pakuranga Heights, Auckland - Manukau

Located at 101 Gossamer Drive, Pakuranga Heights, Auckland - Manukau, this unique property presents a compelling opportunity for investors or those looking to embark on a project. The freehold property spans 675sqm and features a mix of residential rental flats purpose-built for comfort and convenience. It comprises three bedrooms, with the original bungalow offering two double bedrooms and a sunroom, complemented by a standalone garage. Additionally, there's a generously sized one-bedroom standalone home at the rear, complete with ample basement storage. Both dwellings, constructed with mixed materials for the walls and roof, are in their original condition, offering a blank canvas for renovation or redevelopment.

Over the years, the property has seen a significant increase in capital value, from $1,050,000 in July 2017 to $1,425,000 in June 2021, marking a 35.71% growth. The HouGarden AVM estimates its current value at $1,367,500. Historically, the property was sold for $218,000 in November 1995 and then for $250,000 in July 1997. This steady growth underscores its potential as a valuable investment, especially for those looking to hold and landbank with an eye on future development.

The property is ideally situated within the school zones of Sancta Maria College (Secondary, decile 7), Edgewater College (Secondary, decile 2), Pakuranga Intermediate (Intermediate, decile 3), and Pakuranga Heights School (Contributing, decile 4). This strategic location offers excellent educational opportunities, making it an attractive option for families.

Updated on April 05, 2024.