15/218 Captain Springs Road, Onehunga, Auckland

Nestled in the heart of Onehunga, Auckland, is a 2-bedroom, 1-bathroom residential unit at 15/218 Captain Springs Road. This unit, built in 2000, features roughcast walls and an iron roof, both in good condition. It is a unit title property with a floor area of 75 square meters, set on a level contour within a gated community. The property has experienced a 30% increase in Capital Value from $500,000 in 2017 to $650,000 as of June 2021. The HouGarden AVM estimates the property's value at $602,500, while the latest sales were recorded at $295,000 in 2010 and $305,000 in 2008.

For investors and families alike, the property is located in a prime school zone. Baradene College, a secondary school with a decile rating of 9, is in close proximity. Other schools in the area include Royal Oak Intermediate School and Te Papapa School, both with a decile rating of 2, and One Tree Hill College with a decile rating of 3. The property offers open plan living, two off-street car parks, and a private park for the complex's tenants.

With its modern, low maintenance appeal and convenient access to One Tree Hill, Royal Oak Mall, and Onehunga Mall, this property is an attractive opportunity for both first-home buyers and investors. Currently tenanted, it presents a stable investment with long-standing tenants. Don't miss the chance to secure this desirable property in a rapidly appreciating suburb.

Updated on May 31, 2024