2/166 Panama Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of Panama Road, this 1976-built, 85sqm brick and tile unit presents an opportunity not to be missed. With 2 bedrooms, 1 bathroom, and a unit title, it's the epitome of low-maintenance living. The property boasts a capital value increase of 33.93% from $560,000 in 2017 to $750,000 as of June 2021. The latest sale history includes a transaction at $570,000 in 2018, and a previous one at $220,000 in 2005. The HouGarden AVM estimates the property's value at $720,000. The roof, constructed with tiles, is in average condition, while the brick walls are well-maintained. This unit is perfect for investors, first-time buyers, and those looking to downsize, offering a blend of comfort and practicality with its renovated interior and secure garage with an additional off-street parking space.

As for the government's valuation, the consistent rise in CV reflects the property's growing worth. The recent increase is a testament to the area's desirability and investment potential. This home is not just about the numbers; it's about the lifestyle. It's located in the decile 1 Otahuhu College zone, a secondary school catering to years 9-15, ensuring quality education for the family. The peaceful, fenced backyard provides a private space for children and pets, while the proximity to Sylvia Park and public transport adds convenience to an already attractive package.

Here's a chance to secure a slice of real estate gold in Mount Wellington, where the combination of a solid property, increasing value, and a desirable school zone promises a wise investment for your future.

Updated on April 22, 2024