Nestled in the serene Mangere Bridge, this exquisite residential dwelling at 32c Kiwi Esplanade boasts a 3-bedroom, 1-carpark configuration on a level contour. Constructed in the 1960s with a mix of materials for the walls and iron for the roof, this cross-lease property exudes a charming vintage aura. The capital value has seen a rapid increase from $1,160,000 in 2017 to $1,600,000 as of June 2021, reflecting a growth rate of 37.93%. The property, which has sold recently, features spacious bedrooms and open-plan living that harmoniously blend with the Manukau harbour views, creating a seamless indoor-outdoor experience.
With a HouGarden AVM of $1,424,500, this property presents an opportunity for value addition. The government valuation history and the recent sale reflect the area's growing popularity and investment potential. The location is not only convenient, with easy access to transport and shopping facilities, but it also falls within the catchment of several schools, including Waterlea Public School with a decile rating of 5, and Mangere Bridge School with a rating of 3.
For families with older children, Mangere College and Onehunga High School offer secondary education, while Royal Oak Intermediate School provides intermediate education. All these institutions are within reach, making this property an ideal choice for those who value a good education in a family-friendly environment.
Updated on April 11, 2024