52 Friedlanders Road, Manurewa, Auckland - Manukau

Nestled on a spacious 680m2 freehold section in the heart of Manurewa, Auckland, this 4-bedroom, 1-bathroom home with a separate 1-bedroom minor dwelling presents an ideal investment opportunity. Constructed in 1964 with iron roofing and wooden walls in average condition, the property boasts a floor area of 140m2. The capital value has seen a remarkable increase of 50.74% from $680,000 in 2017 to $1,025,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,030,000, while the latest sales history shows transactions at $430,000 in 2014 and $400,000 in 2013. This property is not just a good hold for investors but also perfect for large families seeking ample space and the convenience of a central location, close to schools, shops, and public transport.

With a CV increase that outpaces the market average, this property is a gem in the eyes of investors. The legal minor dwelling adds to the appeal, offering potential rental income to offset high-interest rates. Both dwellings are currently tenanted, with tenants keen to stay, adding to the investment's stability. The property falls within the decile 1 school zones of Manurewa Intermediate, Leabank School, and James Cook High School, ensuring quality education options for families.

Set on a level contour with no flooding issues, this property is zoned Mixed Urban with all services available. The open plan living, spacious kitchen/dining area, and a sizeable backyard for outdoor entertainment or children's play make it a desirable living space. Don't miss the chance to view this outstanding property that combines the benefits of a prime location, solid structure, and the potential for a healthy return on investment.

Updated on September 11, 2024