27 Allenby Road, Papatoetoe, Auckland - Manukau

Nestled on a prime 974 sqm freehold section in the sought-after Allenby Road of Papatoetoe, Auckland, this residential property boasts a charming 4-bedroom, 2-car park home, constructed in 1952 with wood walls and an iron roof in good condition. The property, with a floor area of 140 sqm, is situated on level land, promising potential for further development. Notably, the capital value has surged by 61% from $965,000 in 2017 to $1,550,000 as of June 2021, echoing the rapid growth in the area's property market. The HouGarden AVM estimates the property's worth at $1,537,500, making it an attractive investment opportunity.

From a valuation perspective, the property has a strong track record, with a significant increase in its capital value over the years. The recent sales history and the current AVM reflect a promising trend for potential investors. Moreover, the property is zoned for the well-regarded Papatoetoe Intermediate, Papatoetoe High School, and Puhinui School, with the latter two being secondary and contributing schools respectively, and all falling within a decile range of 2 to 3, indicating a good standard of education in the area.

Located in a quiet cul-de-sac, the property is not only convenient for shopping at Hunters Plaza and commuting to Manukau City Centre and Middlemore Hospital, but it's also in a school zone that adds significant value for families. With such a compelling set of features, this property is a rare find and demands prompt attention from those looking to secure a slice of the suburban dream.

Updated on November 28, 2024