64 Arimu Road, Papakura, Papakura

Nestled in a serene environment, this freehold property on 64 Arimu Road, Papakura, Auckland, is a gem for developers or those looking to secure a prime land bank. Constructed in 1960 with wood walls and tiled roofing, this 106sqm residential vacant land with a 4-bedroom home boasts an average condition both inside and out. The 1182sqm section, zoned for Mixed Housing Urban, has seen a significant increase in Capital Value (CV) from $680,000 in 2017 to $1,275,000 as of June 2021, marking an impressive growth of 87.5%. The HouGarden AVM estimates the property's worth at $1,220,000, while the latest sale in September 2024 was at $1,110,000. This property is not just about numbers; it's about potential and location, perfectly positioned near Papakura Town Centre, Takanini village, and with easy access to local schools and train stations.

For families with school-aged children, the property falls within the zones of Papakura Normal School (Decile 3), Papakura Intermediate (Decile 1), and Papakura High School (Decile 1), offering a comprehensive education pathway. The opportunity is knocking, and with a Set Sale date in sight, this property is not expected to last long on the market.

Attention developers or land bankers - here is your chance to secure 1182sqm of prime real estate in a rapidly appreciating area. Don't miss out on this exceptional opportunity to create your own slice of paradise in the heart of Papakura.

Updated on October 09, 2024