3 Olive Crescent, Papatoetoe, Auckland - Manukau

Nestled in the serene cul-de-sac of 3 Olive Crescent, Papatoetoe, Auckland, this charming 3-bedroom, 1-bathroom residence with 2 car parks is a freehold property built in 1950. The home boasts a floor area of 95sqm and is set on a sprawling 883sqm section with an iron roof and wooden exterior walls in average condition. The property's capital value has seen a significant increase, rising from $695,000 in 2017 to the current $1,125,000 as of 2021, reflecting a growth rate of 61.87%. The HouGarden AVM estimates the property's value at $1,047,500, while the latest sale history includes transactions in 2004 for $200,000 and in 1991 for $104,000.

For families with school-aged children, the property falls within the zones of Kedgley Intermediate, Aorere College, and Papatoetoe South School, all with a decile rating of 2. The generous section provides ample space for children to roam and play, while the shedding and double garage offer extensive storage solutions. The open-plan living and dining area is bathed in natural light, and the heat pump and fireplace ensure year-round comfort.

With its prime location, close to Hunters Plaza Shopping Centre, Old Papatoetoe Town Centre, and various leisure facilities within a 3km radius, this property is not only an ideal family home but also a strategic investment opportunity. Whether you seek a place to raise a family or an astute land banking option with potential for subdivision, 3 Olive Crescent is a golden opportunity not to be missed.

Updated on July 12, 2024