23 Margarita Rise, Pukekohe, Auckland - Franklin

Located at 23 Margarita Rise, Pukekohe, Auckland - Franklin, this freehold property is a solid investment or a perfect first home. Built in 2004, the dwelling features 3 bedrooms, 2 bathrooms, and a floor area of 118 sqm on a 286 sqm section. The exterior is constructed of brick with a tile roof, both in good condition, and the property is level. The open-plan living area, good-sized bedrooms, family bathroom, and single internal access garaging, along with a secure, fully fenced sunny backyard, make it ideal for family living. Although it could benefit from a makeover, the property's solid foundation offers great potential.

Since its last sale in 2013 for $289,000, the property's capital value has seen a significant increase, reaching $660,000 by June 2021, marking a 34.69% growth. This is indicative of the property's value appreciation over time. The HouGarden AVM estimates its value at $645,000, further highlighting its investment potential.

The property is located within the school zones of Pukekohe North School (decile 1), Pukekohe Intermediate (decile 5), and Pukekohe High School (decile 6), making it an excellent choice for families prioritizing education. Its location in a quiet cul-de-sac, yet within walking distance to schools, transport, and local amenities, adds to its appeal.

Updated on March 22, 2024.