9 Lawrence Place, Otara, Auckland - Manukau

Welcome to 9 Lawrence Place, a charming residence nestled in a peaceful cul-de-sac of Otara, Auckland. This freehold property boasts a practical layout with three bedrooms, one bathroom, and a single carpark, spread across a floor area of 89 square meters on a generous land plot of 665 square meters. Constructed in 1961, the house features wood exterior walls and tiled roofing, both in average condition, and is set on a contour that offers an easy to moderate rise. This home is a prime candidate for renovation, with the potential to add significant value to the current Capital Value of $800,000 as of June 2021, a 50.94% increase from its $530,000 valuation in July 2017.

With a HouGarden AVM estimate of $805,000, the property presents a lucrative opportunity for investors and families alike. The recent sales history and rapid CV growth are indicative of the property's potential as a sound investment. The location is further enhanced by its proximity to highly regarded educational institutions, with both Sir Edmund Hillary Collegiate Middle School and Sir Edmund Hillary Collegiate Senior School, rated 1 on the decile scale, being within the school zone.

For those with a vision, this property in a sought-after school zone is a golden opportunity. It's not just a home; it's a chance to secure a valuable asset in a thriving community, with easy access to amenities and public transport. Don't miss the chance to transform this fixer-upper into your dream home or a lucrative rental property.

Updated on September 03, 2024