115a Gray Avenue, Mangere East, Auckland - Manukau

This charming 3-bedroom house located at 115a Gray Avenue, Mangere East, Auckland - Manukau, is a perfect blend of comfort and potential. Constructed in 1960 with brick walls and an iron roof, both in good condition, this property stands on a generous freehold land area of 1680m2. The house itself covers a floor area of 125m2, featuring a spacious layout that includes 1 bathroom, 1 carpark, and a delightful garden with an easy/moderate fall contour. The property falls under the Residential - Dwelling category, offering a serene park-like setting for families to enjoy.

Over the years, the property has seen significant growth in its capital value, from $840,000 in July 2017 to $1,475,000 in June 2021, marking a 75.6% increase. Despite this, our motivated vendor is selling well below the current HouGarden AVM of $1,412,500. The latest sale on January 2, 2024, was at $850,000, showcasing the property's potential for further appreciation. With its Mixed Housing Urban Zoning and easy access to storm and wastewater on-site, it presents an excellent opportunity for land bankers and developers.

Located in a desirable neighborhood, the property is zoned for Papatoetoe North School (decile 2), Kedgley Intermediate (decile 2), and Aorere College (decile 2), ensuring quality education options for families. Its proximity to local shops, Walter Massey Park, Grange Golf Club, and Royal Auckland Golf Club, along with easy access to the train station and Middlemore Hospital, adds to its appeal.

Updated on April 05, 2024.