Nestled on the serene Tirimoana Road in Te Atatu South, Auckland, this 220sqm residential property on a spacious 1012m2 of freehold land is a developer's dream. The four-bedroom family home, built in the 1960s with wood exterior walls and an iron roof, presents an average condition both inside and out. It sits on a level contour, providing a picturesque view of the water from the second level and a large backyard perfect for family activities. The property, with a single carpark, has seen a significant increase in Capital Value (CV) from $980,000 in 2017 to $1,625,000 as of June 2021, a growth of 65.82%. The HouGarden AVM estimates the property's worth at $1,379,500, while the latest sale history dates back to 1996 at $277,000. This property falls within the Mixed Housing Suburban zone, offering a golden opportunity for investors. It is also zoned for the well-regarded Tirimoana School and Rutherford College, both with a decile rating of 5, ensuring quality education for the family.
With a CV increase that outpaces the market and a prime location in the West Auckland area, this property is not just a home but a wise investment. The recent history of sales in the area and the property's AVM reflect a promising trend for capital growth. The current owners, after 28 years, are moving north, leaving a legacy for the next fortunate family to enjoy the same sun and space that they have cherished for decades.
Education is a key highlight, with Rutherford College (Secondary, Year 9-15) and Tirimoana School (Contributing) being the main attractions. The nearby Rangeview Intermediate and Henderson High School also offer solid educational options, rated at deciles 4 and 3 respectively. This property is not just a piece of land; it's a cornerstone for a thriving community and academic excellence.
Updated on June 05, 2024