1/15 Picton Street, Papatoetoe, Auckland - Manukau

Nestled in the serene Picton Street of Papatoetoe, Auckland, this charming family home on a cross-lease title presents an enticing opportunity. Constructed in the 1950s with wood exterior walls and tiled roofing, the property has been fully renovated, offering 6 spacious bedrooms and ample parking for one car. The 150 square meters of floor area provide a comfortable living space, further enhanced by the efficient heat pump system for year-round comfort. This property, with a current Capital Value (CV) of $700,000, has seen a significant increase of 20.69% from its previous CV of $580,000 in 2017, indicating a promising investment growth. The HouGarden AVM estimates the property's value at $650,000, while the latest sales history shows a progression from $215,000 in 1999 to $300,000 in 2007.

For families with school-aged children, the property falls within the decile 2 school zones of Papatoetoe North School, Kedgley Intermediate, and Aorere College, ensuring quality education is within easy reach. This, combined with the property's income potential, makes it an ideal choice for both large families and savvy investors.

With a warm and inviting ambiance, this fully renovated home is ready to embrace a new chapter. Its spacious layout, modern amenities, and strategic location in a desirable school zone present a golden opportunity not to be missed.

Updated on May 17, 2024