9 Athelstan Place, Otara, Auckland - Manukau

Welcome to 9 Athelstan Place, Otara, Auckland - Manukau, a unique property offering a fantastic opportunity for both homebuyers and investors. This property features two legal dwellings, each with 3 bedrooms, separate power and water meters, set on a spacious 748 sqm freehold section. The front dwelling currently rents for $560 per week, and the rear dwelling for $620 per week, with current market appraisals suggesting potential increases. The property boasts a generous land area, providing ample outdoor space and comfortable living conditions. With a carport and additional open parking spaces, parking will never be an issue. Classified as Home & Income, this property is an excellent investment opportunity, located in the desirable suburb of Otara, close to local amenities, schools, and public transport.

The property has seen a capital value increase from $840,000 in July 2017 to $940,000 in June 2021, marking an increase of approximately 11.9%. The latest sale on January 24, 2024, was for $1,000,000, demonstrating the property's growing value. The HouGarden AVM estimates the property's value at $902,500, further highlighting its investment potential.

Located within the school zones of Rongomai School and Tangaroa College, both with a decile rating of 1, this property offers educational opportunities for families. Rongomai School caters to contributing levels, while Tangaroa College serves secondary students from Year 9-15. This property provides a blend of comfortable living, investment potential, and educational opportunities, making it a highly desirable option for a wide range of buyers.

Updated on April 06, 2024.