8/50 Pilkington Road, Panmure, Auckland

Nestled in the serene cul-de-sac of Pilkington Road, this 1978-built residential unit boasts 2 bedrooms, 1 bathroom, and a functional layout spread over 70 square meters. The property, with its mixed-material walls and iron roof, is maintained in fair condition and sits on an easy-to-moderate fall contour. It carries a Cross-Lease title, providing a unique ownership opportunity in the heart of Panmure, Auckland. Notably, the capital value has seen a substantial increase of 70.12% from $470,000 in July 2017 to $800,000 as of June 2021. The HouGarden AVM estimates the property's worth at $780,000, while the latest sales were recorded at $211,000 in 2006 and $126,000 in 2001.

For investors and families alike, the property's location within the catchment area of several schools is a significant draw. Baradene College, a secondary school with a decile rating of 9, Tamaki College (decile 1), Panmure District School (decile 2), and Panmure Bridge School (decile 1) are all within easy reach. This addresses both educational needs and adds value to the property, given the desirability of the school zones.

With a proven track record as a successful rental and a central location that affords access to a wealth of amenities, this property is ready for a new owner to invest or move in and enjoy the ease and comfort of Panmure living.

Updated on August 30, 2024