1/1 Margaret Street, Papakura, Auckland - Papakura

Nestled in the serene Papakura, 1/1 Margaret Street presents a captivating opportunity on a cross-lease property, built in the1950s with wood walls and iron roof, both in average condition. This charming residence boasts 4 bedrooms, 1 bathroom, and a generous 100 square meters of floor area. The property's Capital Value (CV) has seen a remarkable increase of 36%, from $500,000 in 2017 to $680,000 as of June 2021, showcasing a promising investment potential. The latest sale was recorded at $622,000 in August 2023, following a sale at $250,000 in 2009, indicating a consistent growth trajectory.

Valued at $632,500 by HouGarden AVM, this home is perfect for families with its close proximity to a range of educational institutions. The Papakura Central School, rated at a decile 4, Papakura Intermediate, and Papakura High School, both at decile 1, form an excellent school network for children of all ages. The open-concept kitchen and dining area, modern appliances, and a private backyard provide both comfort and convenience, making it an ideal first home or downsizing option.

Centrally located, with easy access to Auckland's main highways, this property is a dream for first home buyers. The combination of a growing CV, desirable school zones, and a well-appointed home means this property at a guide price of $789,000 won't be on the market for long.

Updated on May 15, 2024