15 Oconnor Street, Otara, Auckland - Manukau

Welcome to 15 O'Connor Street, Otara, Auckland - Manukau, a fully refurbished home nestled on a generous 1,217 sqm of land, presenting a prime opportunity for land banking or development. This 1960-built property features a weatherboard construction with wood walls and an iron roof, both in average condition. The level contour of the property complements its freehold ownership type, making it an attractive option for investors and families alike. With 3 bedrooms, 1 bathroom, and 2 carparks, alongside a floor area of 86 sqm, this property is designed for comfort and convenience. The spacious layout includes a modern kitchen and a large living and dining area, perfect for family gatherings and entertainment. Additionally, the property boasts a large garage with three utility rooms, offering ample storage or potential for additional living spaces. The fully fenced garden provides a safe and enjoyable outdoor area for families.

The property has seen a significant increase in capital value, from $540,000 in July 2017 to $830,000 in June 2021, marking a 53.7% growth. The latest sale in November 2021 fetched $1,305,000, highlighting the property's increasing market value. The HouGarden AVM estimates the property's value at $820,000, further underscoring its investment potential. With scheme plans already in place for up to 8 townhouses, subject to council approvals, this property offers immense development potential, mirroring the success of a similar-sized property next door that accommodated 4 relocatable houses.

Located within the school zones of Tangaroa College, Sir Edmund Hillary Collegiate Senior School, and Flat Bush School, all with a decile rating of 1, this property ensures access to quality education. Its convenient location offers easy access to Manukau City, Botany Town Centre, and major motorway links, along with proximity to public transport routes, shops, and schools, making it an ideal choice for families or investors seeking a blend of convenience and potential.

Updated on March 22, 2024.