Nestled in the heart of Papatoetoe, this 2-bedroom, 1-carpark home presents a golden opportunity for first-time buyers or astute investors. Constructed in 1970 with mixed materials for both the walls and roof, this cross-lease property sits on a level contour with an average condition exterior. It boasts a floor area of 101 square meters, a separate laundry, and a heat pump for comfort. The fully fenced backyard adds to the appeal. The property has seen a significant Capital Value increase of 19.66% from $585,000 in 2017 to $700,000 as of June 2021. The HouGarden AVM estimates the property at $680,000, while the latest sales were at $295,000 in 2012 and $118,000 in 1991. This address falls within the decile 2 Papatoetoe Intermediate, decile 4 Papatoetoe Central School, and decile 3 Papatoetoe High School zones, making it an ideal location for families.
With a clear potential for value addition, this property is perfect for those looking to settle in a friendly community with easy access to transport, shops, and schools. Don't miss the chance to transform this solid foundation into your dream home.
Updated on July 19, 2024