16 Ivon Road, Otara, Auckland - Manukau

Nestled in a serene cul-de-sac at 16 Ivon Road, Otara, Auckland, this 1960-built, 3-bedroom, 1-bathroom residential dwelling with a floor area of 92sqm and a land area of 645sqm is a freehold property that exudes potential. The exterior boasts a classic weatherboard finish, while the roof, made of iron, and walls, constructed from wood, are both in average condition. The property's capital value has seen a significant increase from $510,000 in July 2017 to $820,000 as of June 2021, reflecting a growth rate of 60.78%. This is also echoed by the HouGarden AVM estimate of $815,000.

History shows that the property last changed hands for $260,000 in 2007 and $34,000 way back in 1983, indicating a promising investment track record. For families, the property falls within the decile 1 school zones of Rongomai School and Tangaroa College, ensuring quality education for children of all ages.

Whether you're a first-time homebuyer or a seasoned investor, this property's subdivision potential, mixed urban zoning, and proximity to amenities like schools, transport, and shopping centers, make it an opportunity not to be missed.

Updated on December 02, 2024