2 Hyde Street, Manurewa, Auckland - Manukau

Nestled on a prime corner section at 2 Hyde Street, Manurewa, Auckland, this residential vacant land holds immense potential for developers. The freehold property, built in 1950 with brick walls and tiled roof, currently has an average condition. It boasts 3 bedrooms, 1 bathroom, and 2 car parks, sitting on a land area of 814sqm with an easy/moderate rise contour. The property has seen a significant jump in Capital Value (CV), increasing from $630,000 in 2017 to $1,450,000 as of June 2021, showcasing a growth rate of 130.16%. The latest sales were recorded at $1,360,000 in March 2021 and $1,025,000 in November 2020. HouGarden AVM estimates the property's value at $1,392,500. For families, the property falls within the Manurewa East School (decile 1) and Alfriston College (decile 2) zones.

With half of the site already demolished and the approved Resource Consent, EPA, and Building Consent in place, the vision to create 8 terrace houses, each with 3 bedrooms and 2 bathrooms, is a promising project. This is a golden opportunity for developers looking to tap into the potential of the hot suburb in South Auckland.

Manurewa East's school network is another highlight, with both primary and secondary educational institutions offering quality education. This property not only promises a sound investment but also a quality lifestyle for future residents.

Updated on April 19, 2024