162 Princes Street, Pukekohe, Auckland - Franklin

Nestled at 162 Princes Street, Pukekohe, this residential dwelling on an 854sqm freehold section boasts 3 bedrooms and 1 bathroom. Constructed in 1960 with solid brick walls and an iron roof in good condition, this property presents a golden opportunity. The capital value has seen a significant increase from $595,000 in 2017 to $840,000 in 2021, reflecting a growth rate of 41.18%. The property, located in a level contour, is in a quiet cul-de-sac, close to public amenities and top-rated schools, including Tamaoho School, Pukekohe Intermediate, and Pukekohe High School. The HouGarden AVM estimates the property's value at $820,000, while the latest sales history shows a sale in 2018 for $640,000 and another in 2015 for $512,000.

With its prime location and potential for subdivision, this property is not only an ideal choice for first-home buyers but also a strategic investment for developers and land bankers. The adjacent property at 160 Princes Street, with a recently approved resource consent for six modern townhouses, further enhances the development potential. Combining both properties could lead to a substantial-scale project with the potential for maximize returns in this high-demand area.

For families, the school network is a significant draw, with Pukekohe Intermediate and Pukekohe High School both boasting above-average decile ratings. This property is not just a home; it's a smart investment in a thriving community.

Updated on July 26, 2024