42 Arohaina Avenue, Karaka, Auckland - Papakura

Located at 42 Arohaina Avenue, Karaka, Auckland - Papakura, this residential vacant land spans 397 square meters, offering a blank canvas for potential homeowners or investors. The property is characterized by its freehold ownership type, ensuring that the buyer will have complete control over the land. Despite the unknown details regarding the building's age, roof, and wall construction and condition, the land's level contour presents an ideal opportunity for development. The property does not include any bedrooms, bathrooms, or car parks, emphasizing its status as a vacant lot ready for transformation.

The capital value of the property as of June 2021 was $350,000. However, a recent sale on November 27, 2023, saw the property fetching $500,000, indicating a significant appreciation in value. The HouGarden AVM estimated the property's value at $342,500, slightly below the capital value but still reflective of the property's potential. This increase in value underscores the property's investment potential and the growing demand in the Karaka area.

The property falls within the school zones of Paerata School, a full primary school with a decile rating of 1, and Pukekohe High School, a secondary school catering to years 9-15 with a decile rating of 6. These schools offer educational opportunities for families looking to build in the area, adding to the property's appeal for potential homeowners with children.