181 Clevedon Road, Papakura, Auckland - Papakura

Located at 181 Clevedon Road, Papakura, Auckland - Papakura, this property presents a unique opportunity for development or strategic land banking. The property features a 120m2 floor area on a substantial 864m2 freehold section. Constructed in 1970, the weatherboard house with tile roofing comprises three bedrooms and offers dual driveway access. Its condition is described as average, both for the walls and the roof, and it sits on a level contour. This residential vacant land, zoned for Mixed Housing Suburban, highlights its potential for subdivision, subject to Council approval.

From a financial perspective, the property has seen a significant increase in capital value, from $550,000 in July 2017 to $1,075,000 in June 2021, marking a 95.45% growth. The HouGarden AVM estimates its value at $1,057,500. This corner site has been on the market for the first time in 40 years, emphasizing its high demand and the rich potential for development.

In terms of education, the property falls within the zone for several schools, all with a decile rating of 1: Cosgrove School (Contributing), Kelvin Road School (Contributing), Papakura Intermediate (Intermediate), and Papakura High School (Secondary, Year 9-15). This offers a range of educational opportunities for families with children, making it an attractive option for potential buyers.