59 Mckenzie Road, Mangere Bridge, Auckland - Manukau

Nestled in a serene cul-de-sac at 59 Mckenzie Road, Mangere Bridge, this unique property boasts a freehold title on a sprawling 5,419sqm of land. Constructed with wood walls and an iron roof, the property features a single bathroom and ample parking for 10 cars. The 80sqm floor area provides a solid foundation for potential development, given its zoning for Mixed Housing Suburban. Notably, the capital value has seen a significant increase of 36.23% from $3,450,000 in 2017 to $4,700,000 as of June 2021. The HouGarden AVM estimates the property's worth at $4,660,000, while the latest sale record dates back to 1992 at $299,000.

On the financial front, the property's CV growth is a testament to its investment potential. The recent increase in capital value indicates a promising trend for future appreciation. Moreover, the property's strategic location near Mangere Bridge township and the proximity to Auckland Airport make it an even more attractive proposition for investors.

For families, the property falls within the decile 1 school zones of Mountain View School, Mangere College, and Sir Douglas Bader Intermediate, ensuring access to quality education. This combination of prime location, development potential, and educational opportunities makes this property a rare find indeed.

Updated on November 26, 2024