2 Sunburst Street, Papakura, Auckland - Papakura

Located at 2 Sunburst Street, Papakura, Auckland - Papakura, this property presents a unique opportunity for homeowners, developers, land bankers, or investors. The freehold property spans a generous 1,110m2 section and features a large 200m2 brick home originally built in the 1960s. The home comprises 4 bedrooms plus an office, 2 living areas, a separate laundry area, and a covered rear patio. Additionally, it boasts a huge double garage with a workshop and ample off-street parking. The property's urban zoning and absence of flood zone designation add to its appeal, offering potential for significant value addition.

The property has experienced a remarkable capital value increase, from $820,000 on July 1, 2017, to $1,500,000 on June 1, 2021, marking an 82.93% growth. The current HouGarden AVM estimates the property's value at $1,435,000. After 35 years of ownership, the current owner is looking to downsize, making this an excellent time to capitalize on this property's potential. The property is conveniently located near local shops, Southgate shopping center, and McLennan and Bruce Pulman Park, enhancing its desirability.

The property falls within the school zones of Papakura Normal School (Full Primary, decile 3), Cosgrove School (Contributing, decile 1), Papakura Intermediate (Intermediate, decile 1), and Papakura High School (Secondary (Year 9-15), decile 1), offering a range of educational options for families. This property is not just a home but an investment in the future, whether you're looking to develop, land bank, or find your dream home.

Updated on April 06, 2024.