165 Russell Road, Manurewa, Auckland - Manukau

Nestled at 165 Russell Road, Manurewa, Auckland, this residential vacant land boasts a generous 809 sqm with a freehold title. Constructed in 1951, the property features wood exterior walls and tiled roofing, both in fair condition. It includes a floor area of 131 sqm and a single carpark. The site is strategically located in a quiet cul-de-sac, zoned for Terrace Housing and Apartment Buildings, presenting a prime opportunity for developers with a vision for innovative residential projects.

With a current Capital Value (CV) of $1,250,000 as of June 2021, the property has shown a remarkable growth rate of 104.92% since July 2017. The HouGarden AVM estimates the property's value at $1,220,000, while the latest sales history includes transactions at $690,000 in 2019 and $721,000 in 2018. This indicates a promising investment with strong capital appreciation potential.

For families, the property falls within the catchment area of several schools, including Manurewa High School, Manurewa Intermediate, Manurewa West School, and James Cook High School, all with a decile rating of 1. This makes it an ideal choice for those seeking quality education for their children in a convenient location.

Updated on August 30, 2024