15 Ribot Place, Randwick Park, Auckland - Manukau

Nestled in the serene Ribot Place of Randwick Park, Auckland, lies a promising freehold property - a 3-bedroom, 1-bathroom residence with a single carpark, built in 1976. The 93-square-meter home, with its fibrous cement walls and tiled roof in good condition, sits on a levelled 655-square-meter section. This property has seen a significant Capital Value increase of 41.51% from $530,000 in July 2017 to $750,000 as of June 2021. The latest sale history boasts a price of $751,500 in March 2021, following a previous sale in December 2014 at $385,000. The HouGarden AVM estimates the property's worth at $730,000, making it an attractive opportunity for investors and land bankers alike.

Moreover, the property falls within the catchment area of esteemed educational institutions. Alfriston College, a secondary school with a decile rating of 2, and Randwick Park School, a full primary with a decile rating of 1, are among the highlights of the school zone. This not only ensures quality education for the family but also adds to the property's long-term value.

With easy access to motorways, shopping centers, and a train station, this property offers a blend of convenience and potential for further financial growth. The existing infrastructure, including wastewater and stormwater connections, makes it ripe for development, currently zoned for Mixed Housing Suburban. This is a chance not to be missed - a golden opportunity to invest in a property that promises both immediate returns and future prospects.

Updated on July 26, 2024