116 Mahia Road, Manurewa, Auckland - Manukau

Nestled at the end of a quiet cul-de-sac on 116 Mahia Road, Manurewa, Auckland, this 1960-built residential dwelling with a cross-lease title offers a charming lifestyle. The 100sqm floor area is thoughtfully divided into 3 bedrooms, 1 bathroom, and an open-plan kitchen/living space, complemented by a single carpark and a spacious outdoor yard. The property boasts wood exterior walls and an iron roof, both in average condition, and sits on a half share of 915sqm of level land. With a current Capital Value (CV) of $790,000, it has seen a remarkable increase of 38.6% from its $570,000 valuation in 2017, indicating a rapid growth potential. The latest sale was recorded at $850,000 in 2021, a significant jump from the $215,000 sale in 2006.

Valuation history shows a HouGarden AVM of $735,000, a figure that aligns closely with the market trend. This property is not just a home but also a smart investment, especially considering its location within the decile 1 school zones of Manurewa Intermediate, James Cook High School, and Manurewa South School, with easy access to decile 2 Clayton Park School. This addresses the educational needs of families with children of all ages.

With its attractive price point, selling $150k below the CV, this property presents a golden opportunity for traders, investors, or home buyers looking for a promising investment in a prime location. The convenience of being close to motorways, amenities, and public transportation further enhances the appeal of this property, making it a must-consider option in the competitive Auckland housing market.

Updated on May 15, 2024