127 Te Atatu Road, Te Atatu South, Auckland - Waitakere

Nestled on a prime 932sqm freehold section at 127 Te Atatu Road, Te Atatu South, this vacant land holds immense potential for investors and developers. The property, categorized for 'Residential - Vacant land multiple housing', is situated in a level contour, with the specifics of wall and roof construction yet to be determined. The site is auction-bound, promising a unique opportunity in the wake of Auckland's Unitary Plan recommendations, allowing for higher density development with potential building heights up to 11 meters.

Since the capital value assessment in June 2017 of $990,000, the property has seen a significant increase, reaching $1,660,000 as of June 2021, marking a growth of 68%. HouGarden's AVM estimates the property's worth at $1,617,500, while the latest sales history shows a leap from $1,170,000 in August 2016 to $2,200,000 in August 2024, indicating a thriving market in the area.

For families with school-aged children, the property falls within the zones of several reputable schools. Rutherford College, a secondary school with a decile rating of 5, Rangeview Intermediate at decile 4, and Edmonton School, also at decile 4, are among the options. Additionally, Henderson High School and Freyberg Community School are within reach, offering a range of educational opportunities for the family.

Updated on August 14, 2024