9 Francesco Drive, Karaka, Auckland - Papakura

Nestled in the serene Francesco Drive of the coveted Karaka Harbourside, this 4-bedroom, freehold property is a gem for investors and developers alike. Constructed in 1990 with aluminium walls and iron roofing, the 270 sqm home sits on a sprawling 1,375 sqm section, exuding a sense of grandeur with its level contour and good wall and roof conditions. The property's Capital Value (CV) has seen a remarkable increase of 56%, from $1,350,000 in 2017 to $2,100,000 as of June 2021, while the HouGarden AVM estimates it at $1,719,500, indicating a potential bargain for the quick-witted buyer.

With a CV growth rate that outpaces the market average, and a recent sale history that underlines the area's desirability, this property presents a golden opportunity. The mixed-housing zoning only adds to the allure, offering a blank canvas for future development. The location is further enhanced by the top-rated Hingaia Primary School, a decile 10 institution, and the nearby Rosehill Intermediate and Rosehill College, ensuring a quality education within the zone.

Indeed, this is not just a home, but a promise of a bright future in a thriving community, where the convenience of the city meets the tranquility of a quiet cul-de-sac.

Updated on July 18, 2024