2/23 Hamilton Road, Papatoetoe, Auckland - Manukau

Nestled in the heart of Papatoetoe, Auckland, this charming 3-bedroom, 1-bathroom brick home on a cross-lease title offers an affordable entry into the property market. Constructed in 1960 with brick walls and tiled roofing, the property boasts an average condition both inside and out, sitting on a level contour with a floor area of 80 square meters. The property features a near-new kitchen with a gas hob, a heat pump, and an HRV system, complemented by a spacious lounge and a single carpark, along with a separate garage/utility room for added storage or space for extended family.

With a government capital value (CV) of $720,000 as of June 2021, the property has seen a 16.13% increase since July 2017. The HouGarden AVM estimates the property's value at $690,000, while the latest sale history includes transactions in 2012 and 2006 at $292,000 and $275,000 respectively. This indicates a promising investment opportunity with a steady growth trajectory.

Education is a key highlight, with the property being zoned for Papatoetoe Intermediate (Decile 2), Papatoetoe High School (Decile 3), and Papatoetoe East School (Decile 2). Centrally located, the property is close to the town center, parks, and all amenities, making it an ideal choice for families. Currently tenanted, this property presents an immediate rental income prospect for investors.

Updated on October 04, 2024