Nestled in the heart of Papatoetoe on 29 Hamilton Road, this residential vacant land holds immense potential for any investor or developer. The 3-bedroom house, built in 1940 with fibrous cement walls and tiled roof, sits on a freehold property of 809m2. The capital value has seen a 30.56% increase from $900,000 in 2017 to $1,175,000 in 2021. The property, with a floor area of 111m2, excluding the garage, and an average condition roof and walls, offers a spacious garage and additional storage. The latest sales history shows transactions at $398,000 in 2010 and $380,000 in 2009, while the current HouGarden AVM estimates it at $1,145,000. This property falls within the decile 2 Papatoetoe Intermediate and decile 3 Papatoetoe High School zones, with Papatoetoe East School also nearby, making it an ideal location for families.
With its vast land area, this property presents a golden opportunity to create your dream home in a thriving community. The convenient location, with easy access to public transport and major highways, ensures a comfortable lifestyle with all amenities at your fingertips.
Education is a key highlight, with the property being in the sought-after school zones of Papatoetoe East School, Papatoetoe Intermediate, and Papatoetoe High School, all catering to diverse educational needs and offering a solid foundation for learning.
Updated on July 19, 2024