657n Great South Road, Penrose, Auckland

Nestled at 657n Great South Road, Penrose, Auckland, this industrial warehousing property boasts a unit title and a floor area of 145 square meters. Constructed in 1985, the building features mixed materials for the walls and an iron roof, both in good condition. It is situated in a prime location with convenient access and a promising capital value growth.

Since 2017, the capital value has seen a significant increase of 68.57%, reaching $590,000 as of June 2021. The HouGarden AVM estimates the property's value at $562,500, while the latest sale records from August 2024 and November 1996 indicate a consistent appreciation, with the latest sale price matching the government valuation.

For families, the property falls within the catchment area of several schools. Baradene College, a secondary school with a decile rating of 9, Te Papapa School, a contributing school with a decile rating of 2, and One Tree Hill College, a secondary school with a decile rating of 3, are among the options available.

Updated on October 16, 2024