13 Luke Place, Otara, Manukau City

Nestled at the end of a quiet cul-de-sac, 13 Luke Place, Otara, Auckland, is a residential gem on a Freehold title. Constructed in 1960 with wood exterior and tile roofing, this 85m² single-level home with 2 bedrooms and 1 bathroom sits on a spacious 979m² section. The property, zoned for Terraced House and Apartment, has a CV of $1,300,000 as of June 2021, showing a 1.5 times increase from its $520,000 valuation in July 2017. The site offers an easy/moderate fall contour and fair condition walls and roof, making it a potential development opportunity.

With a HouGarden AVM of $1,245,000, the property's latest sale history includes transactions in 2006 for $200,250 and in 1987 for $58,000. This indicates a significant capital value growth. The property is in the catchment area of Sir Edmund Hillary Collegiate Junior, Middle, and Senior Schools, all with a decile rating of 1, ensuring quality education for the family.

Backed onto a local park, this property not only offers tranquility but also convenient access to Otara Town Centre and motorway. It's a must-see for buyers looking to capitalize on its prime location and potential for further enhancement.

Updated on October 21, 2024