8 Wroughton Crescent, Otara, Auckland - Manukau

Discover a unique opportunity at 8 Wroughton Crescent, Otara, Auckland - Manukau. This property, a deceased estate sale, offers a 3-bedroom residence with a floor area of 105m² on a generous 746m² freehold land. Built in 1964, the house features brick walls and tile roofing, both in average condition. The property is categorized as Residential - Vacant land multiple housing, highlighting its potential for development. With two carparks and a level contour, it presents a versatile canvas for renovation or redevelopment.

Since its last sale in 1991 for $75,000, the property has seen significant growth, with its capital value increasing by approximately 69.49% from $590,000 in 2017 to $1,000,000 in 2021. The HouGarden AVM estimates its value at $960,000, indicating a promising investment opportunity. This property's capital value growth and its historical sales data underscore its potential for further appreciation and development.

Located in a sought-after neighbourhood, this property falls within the zone for Rongomai School and Tangaroa College, both decile 1 institutions. This location offers convenient access to educational facilities, making it an ideal choice for families. The property's potential, combined with its strategic location, makes it a compelling investment for those looking to shape the future.

Updated on April 04, 2024.