1/28 Karepo Crescent, Ranui, Waitakere City

Nestled in the tranquility of 1/28 Karepo Crescent, this residential gem in Ranui, Auckland, offers a promising investment opportunity. Constructed in 1989 with fibrous cement walls and tiled roofing, the property stands firm with a good condition exterior and roof. It features 3 bedrooms, 1 bathroom, a single carport, and an additional carpark, all within an 80 square meter floor area. This cross-lease property has seen a significant increase in Capital Value, rising from $510,000 in 2017 to $680,000 as of June 2021, indicating a 33.33% growth. The latest sales were recorded at $599,000 in August 2024 and $690,000 in February 2021, while the HouGarden AVM estimates it at $650,000.

For families with children, the property falls within the decile 2 Birdwood School zone, and is in close proximity to Waitakere College (decile 3) and St Paul's School in Massey (decile 4), ensuring quality education options. The convenient location, with easy access to supermarkets, the Ranui train station, and a variety of amenities, further enhances the appeal of this property.

With potential for value addition through renovation or as a rental investment, this property is a practical choice for investors, builders, or first-time buyers. The motivated vendor has priced it to sell, making it an attractive prospect in the current market.

Updated on October 16, 2024