5 Calthorp Close, Favona, Auckland - Manukau

Introducing a gem nestled at 5 Calthorp Close, Favona, Auckland - Manukau, this property stands as a testament to potential and opportunity. Built in 1975, the house spans 93sqm on a generous 630sqm freehold land, boasting 3 bedrooms, 1 bathroom, and a large utility room that doubles as a double garage. Its construction features wood walls in good condition and a tiled roof, also in good condition. The property's contour is described as easy/moderate rise, fitting perfectly into the residential - vacant land multiple housing category. The allure of this property is not just in its structure but in its promise for the future, with its mixed housing suburban zone designation and absence from flood zones, alongside available waste water and stormwater services on site.

From a financial perspective, the property has seen a significant appreciation, with the capital value increasing from $640,000 in July 2017 to $920,000 in June 2021, marking a 43.75% increase. The HouGarden AVM currently estimates its value at $882,500. Its sale history underscores its value, with the latest transaction on January 31, 2024, closing at $778,500, a stark rise from its $85,000 sale in April 1989. This trajectory highlights not just the property's past performance but its potential for future growth.

Education is a cornerstone of this property's appeal, located merely a 2-minute walk from Koru School, a full primary school with a decile rating of 1, and a 5-minute drive from Mangere College, a secondary school also with a decile rating of 1. This proximity to educational institutions, coupled with its close distance to Mangere Town Centre, SH20, and main arterial routes, not to mention a 12-minute drive from Auckland Airport, positions it as an ideal family home or investment opportunity.

Updated on April 05, 2024.