Nestled in the tranquility of a quiet cul-de-sac at 7 Christina Avenue, Te Atatu South, this freehold property on a 984sqm section is a gem for developers and home builders alike. Constructed in 1950 with wood walls and an iron roof, the dwelling boasts 3 bedrooms and a carpark, sitting on a land with an easy/moderate fall contour. The property's capital value has seen a staggering increase of 73.78% from $820,000 in 2017 to $1,425,000 as of June 2021, with a HouGarden AVM estimate of $1,392,500. The average condition of both walls and roof, coupled with the existing on-site wastewater manhole, present a promising opportunity for development.
With a CV growth rate that outpaces the market average, this property's investment potential is undeniable. The recent sales history and AVM reflect a strong interest in the area, making it an attractive proposition for those looking to capitalize on the property's prime location, close to amenities, schools, and public transport.
For families with school-aged children, the property falls within the zones of Rutherford College (decile 5), Rangeview Intermediate (decile 4), Henderson High School (decile 3), and Tirimoana School (decile 5), ensuring access to quality education. This is not just a house; it's a foundation for a thriving future in a peaceful yet convenient setting.
Updated on August 21, 2024