2/36 Hoteo Avenue, Papatoetoe, Auckland - Manukau

Nestled at 2/36 Hoteo Avenue, Papatoetoe, Auckland, this residential unit boasts a convenient location and potential for growth. Constructed in 1976 with mixed materials for both the roof and walls, this 2-bedroom, 1-bathroom unit with a single carpark is set on level contour. The property, with a floor area of 100sqm, holds a Cross-Lease title. Notably, the Capital Value (CV) has seen a significant increase from $640,000 in July 2017 to $750,000 as of June 2021, reflecting a growth rate of 17.19%. The HouGarden AVM estimates the property's value at $730,000, while the latest sale was recorded in May 2000 for $150,000.

For families, the property falls within the decile 2 Papatoetoe Intermediate, decile 4 Papatoetoe Central School, and decile 3 Papatoetoe High School zones, ensuring quality education options. This unit, perfect for first-time buyers or investors, requires some tender love and care, presenting a project for those handy with tools. With spacious living areas, a separate bathroom and toilet, and a single internal garage, it's a golden opportunity in a rapidly appreciating market.

Located minutes from the motorway, Hunters Plaza, and Medical Centre, with amenities like the Papatoetoe Centennial Pool nearby, this property is not just a home but a smart investment. Whether you're an investor, a DIY enthusiast, or a first home buyer, this property demands attention. Urgent sale instructions mean it won't be on the market long. Don't miss your chance to view this property and secure a slice of the property ladder in a prime location.

Updated on July 26, 2024