3 Richard Road, Mangere, Auckland - Manukau

Nestled at 3 Richard Road, Mangere, Auckland, this freehold property is a residential dwelling built in 1965 with wood walls and tiled roof, both in average condition. It boasts 3 bedrooms, a floor area of 102sqm, and 2 carparks on a spacious 850sqm level contour section. The capital value has seen a significant increase from $570,000 in 2017 to $1,220,000 as of 2021, reflecting a growth rate of 114.035%. The property is in a quiet cul-de-sac, and the latest sale history includes transactions in 2002 and 1997.

As per the government's valuation, the property's HouGarden AVM is estimated at $1,135,000. This, coupled with the property's strategic location in a residential-mixed housing zone, presents a golden opportunity for investors and developers alike. The property is within the catchment area of several schools, including Mangere College, Sir Douglas Bader Intermediate, Jean Batten School, and Aorere College, all with a decile rating of 1 or 2.

For families with school-going children, the property falls within a desirable school zone. Mangere College is a secondary school catering to years 9-15, while Sir Douglas Bader Intermediate and Jean Batten School are both intermediate schools. Aorere College, another secondary school, is also in close proximity. This property not only offers potential for capital growth but also ensures access to quality education.

Updated on May 03, 2024