4 Dennis Road, Papatoetoe, Auckland - Manukau

Nestled at 4 Dennis Road, Papatoetoe, Auckland, this freehold property is a gem on an 868m² flat land, featuring a 96m² floor area with a charming 3-bedroom and 1-bathroom home, complemented by 2 car parks. Constructed in 1958 with brick walls and an iron roof, both in average condition, this property is ideal for developers and investors. The site, with no flood zone concerns, is strategically located close to amenities and enjoys an advantageous Mixed Housing Suburban Zoning.

Since 2017, the Capital Value has shown a remarkable increase of 33.33%, reaching $1,200,000 as per the latest government valuation. The HouGarden AVM estimates the property's worth at $1,150,000, making it a lucrative opportunity. Historically, this property has been a stable investment, with a sale in recent times that speaks to its consistent appeal.

For families, the property falls within the zones of Papatoetoe Intermediate and Papatoetoe High School, both with decile ratings of 2 and 3 respectively, ensuring quality education for the children. This combination of location, potential for development, and access to reputable schools makes this property a rare find that's not to be missed.

Updated on October 25, 2024