257 Maraetai Drive, Maraetai, Auckland - Manukau

Located at 257 Maraetai Drive, Maraetai, Auckland - Manukau, this beachfront property is a residential rental flats complex, purpose-built for both comfort and investment opportunities. It features 9 bedrooms, 4 bathrooms, and 2 car parks, with a generous floor area of 380 square meters and a land area of 809 square meters. The property is a freehold, ensuring complete ownership without the complications of leasehold terms. Constructed with mixed materials for the walls and an iron roof, the building's condition is noted as mixed, indicating areas of both strength and potential improvement. The property is level, making it accessible and easy to manage.

Since its last sale in April 2017 for $1,888,000, the property's capital value has seen a significant increase, reaching $2,225,000 by June 2021, marking a 20.27% growth. This growth is supported by a HouGarden AVM estimate of $2,130,000. The property has a history of strong capital value growth, demonstrating its potential as a valuable investment. The latest sale data and the HouGarden AVM estimate reflect the property's increasing value and appeal in the market.

The property is ideally located within excellent school zones, including Star of the Sea School (Howick) with a decile rating of 9, Howick College with a decile of 8, Sancta Maria College with a decile of 7, and Maraetai Beach School with a perfect decile rating of 10. These schools offer high-quality education options for families, making the property even more desirable for those looking to provide the best for their children.

Updated on April 04, 2024.