1/80 Portage Road, Papatoetoe, Auckland - Manukau

Nestled in a peaceful cul-de-sac at 1/80 Portage Road, Papatoetoe, Auckland, this charming residential unit boasts a brick exterior and a tiled roof. It is a 2-bedroom, 1-bathroom home with a single carport, built in 1960 on a level contour. The property is under Cross-Lease ownership and offers a floor area of 60 square meters. Not only is it a cozy starter for first home buyers, but it also presents a solid investment opportunity with a capital value that has seen a 30.23% increase from $430,000 in 2017 to $560,000 as of June 2021. The HouGarden AVM estimates the property's value at $520,000, while the latest sales history shows a significant appreciation from $63,000 in 1994 to $87,000 in 2001.

For families, the property falls within the decile 2 school zones of Papatoetoe North School, Kedgley Intermediate, and Aorere College, ensuring quality education for children of all ages. The functional layout includes a compact yet efficient kitchen, renovated just 6 years ago, and a dedicated laundry space. The heat pump and insulated ceiling add to the comfort of this neatly presented abode. Currently tenanted and with a desire to stay, this property is convenient to shops, schools, and public transport, offering a great value that should not be missed.

With the owners set to head to Oz, this property must be sold. Don't miss the opportunity to secure this well-positioned and affordably priced home. Make your offer today!

Updated on May 21, 2024