3 Peara Lane, Karaka, Auckland - Papakura

Nestled on a level plot at 3 Peara Lane, Karaka, Auckland - Papakura, this residential vacant property is a freehold haven. The 4-bedroom home, though missing specific details on bathroom count and floor area, sits on a generous 178 square meters of land. Both the wall and roof construction remain unknown, but the property's contour is flat, potentially indicating an ease of development. Historically, the capital value has shown a promising increase, reaching $330,000 as of June 2021. HouGarden's AVM estimates the property at $310,000, hinting at a competitive market price. In terms of investment growth, the property has seen a significant capital value increase, demonstrating a lucrative opportunity for potential buyers.

As for the government's valuation, the property has shown a consistent rise in value. The recent sale history and the rapid capital value growth percentage reflect a robust real estate market in the area. This is further supported by the property's prime location in a quiet cul-de-sac, which adds to its appeal and investment potential.

For families with school-aged children, the property falls within the zones of both Rosehill College, a secondary school with a decile rating of 5, and Ngakoroa School, a full primary school. This ensures access to quality education, a key highlight for many homebuyers. The combination of a serene living environment, convenient location, and access to reputable schools makes this property an attractive option for those seeking a balanced lifestyle.

Updated on May 27, 2024