51 Rimu Road, Manurewa, Auckland - Manukau

Nestled at 51 Rimu Road, Manurewa, Auckland, this residential property on a spacious 809 sq.m corner site is a freehold opportunity not to be missed. The 3-bedroom, 1-bathroom home, built in 1957 with wood exterior walls and an iron roof, presents an average condition both inside and out. It boasts a floor area of 92 sq.m and is complemented by a single carpark and a heat pump for comfort. The property's potential is further enhanced by its level contour, making it an ideal candidate for developers and investors with visions of a multi-lot subdivision (STCA).

With a current Capital Value (CV) of $1,275,000 as of June 2021, this property has shown a remarkable growth rate of 102.38% since July 2017. The HouGarden AVM estimates the property's worth at $1,285,000, while the latest sales history from 2003 to 2004 indicates a significant appreciation in value. This is a clear indicator of the investment potential this property holds.

For families, the property falls within the decile 1 school zones of Manurewa Intermediate, James Cook High School, and Manurewa South School, ensuring access to quality education. Its convenient location near Southmall, the Manurewa Transport Interchange, and various shops adds to the appeal. This property is ripe for development and/or investment, and the time to act is now.

Updated on September 13, 2024