7 Orion Street, Papakura, Auckland - Papakura

Positioned on a generous 784 m2 section within the coveted 'Mixed Housing Urban Zone', this 1966-built, 3-bedroom, 1-bathroom residence with an iron roof and wooden exterior walls presents a compelling investment opportunity. The freehold property, located at 7 Orion Street, Papakura, Auckland, is strategically placed for easy access to amenities, schools, and transport. The capital value has seen a significant increase of 68.6% from $510,000 in 2017 to $860,000 as of June 2021. The property's HouGarden AVM is valued at $825,000, while the latest sale was recorded in 1993 at $85,000. This well-maintained home offers open plan living, spacious bedrooms, and a fully fenced section, making it an attractive prospect for investors and developers alike.

With a government valuation on the rise and a school network that includes Edmund Hillary Full Primary, Papakura Intermediate, and Papakura High School, all with a decile rating of 1, the property holds strong appeal for families. The site also features a separate lock-up garage and is in a neat condition, providing ample scope for value addition. Don't miss this unique opportunity that has become available for the first time in over 30 years.

Key property highlights include being in the school zone of highly-rated institutions, a promising CV growth trajectory, and a prime location in a quiet cul-de-sac. This is a must-see for those looking to expand their rental portfolio or explore development opportunities in a sought-after urban zone.

Updated on October 24, 2024