16/36 Growers Lane, Mangere East, Auckland - Manukau

Nestled in the serene Mangere East, this 2-bedroom residential unit at 16/36 Growers Lane is a Leasehold property, built in 2003 with brick walls and tiled roofing. It offers an open-plan living, kitchen, and dining area, along with a family bathroom and a lock-up internal access garage. The property sits on a level contour with an average wall and roof condition. Notably, it comes with a guaranteed rent until 2027, making it an investor's dream. The government's capital value has seen a significant increase from $440,000 in 2017 to $620,000 as of June 2021, marking a growth of approximately 40.91%. The HouGarden AVM estimates the property's value at $577,500, while the latest sale was recorded in 2003 for $209,000. In terms of education, the Southern Cross Campus and Mangere East School, both with a decile rating of 1, are in the vicinity. This property is not just an investment; it's a stress-free opportunity in a prime location.

Updated on May 13, 2024