1/128 Te Atatu Road, Te Atatu South, Auckland - Waitakere

Nestled in the serene Te Atatu South, this charming 2-bedroom, 1-bathroom unit with a single carpark is a gem on a cross-lease title. Constructed in 1960 with brick walls and tiled roof, it offers a level contour and an average condition both inside and out. Measuring a cozy 70 square meters, this residence is perfect for those seeking a starter home or a lucrative investment. The capital value has seen a remarkable increase of 35.19% from $540,000 in 2017 to $730,000 as of June 2021. HouGarden AVM estimates it at $680,000, while the latest sale history shows a significant jump from $185,000 in 2004 to $195,000 later that year.

With a clean building report and move-in ready status, the property presents an open plan kitchen/living area, a tidy bathroom, and a built-in wardrobe in the master bedroom. The converted office/studio adds a versatile touch, offering a potential for business or creative pursuits. Its location in a quiet cul-de-sac street provides easy access to public transport, local amenities, and is within walking distance to a range of schools, including Rutherford College (decile 5) and Rangeview Intermediate (decile 4), among others.

Not only is this property an ideal first home, but it also holds great potential for investors looking to tap into the lucrative Auckland property market. The convenience of the location, coupled with the growth in capital value and the reputable school network, makes this property an opportunity not to be missed.

Updated on May 24, 2024