5 Bowater Place, Manurewa, Auckland - Manukau

Nestled on a sprawling 736m2 freehold section in the highly sought-after Manurewa, Auckland, this 3-bedroom, 1-bathroom family home with 2 car parks presents a gem for both investors and homeowners. Constructed in 1958 with wood walls and an iron roof, the property maintains an average condition, offering a solid foundation for potential development. The capital value has seen a remarkable increase of 89.66% from $580,000 in 2017 to $1,100,000 as of June 2021, while the HouGarden AVM estimates it at $1,025,000. The latest sale in 2018 was for $640,000. This home, with its spacious layout and practical kitchen, is zoned for density and is compliant with Healthy Homes standards. It is located in a quiet cul-de-sac, close to Manurewa Intermediate, James Cook High School, and Manurewa South School, all with a decile rating of 1, reflecting the area's investment in education.

Boasting a level contour and a prime location, this property is perfect for those considering future development, with its spacious section and favorable zoning for Residential - Vacant land multiple housing. The current structure, while original, invites a bit of tender loving care to unlock its full potential, making it an attractive prospect for those with a keen eye for renovation and investment.

With its excellent school network and growth potential, this property is not to be missed. It is set to be auctioned on Thursday, June 6, 2024, unless sold prior, presenting a unique opportunity to secure a piece of prime real estate in a thriving community.

Updated on June 07, 2024