5 Fayette Place, Te Atatu South, Auckland - Waitakere

Nestled in the prime location of 5 Fayette Place, Te Atatu South, this spacious family home on a freehold title offers 6 bedrooms and 2 car parks. Constructed in 1973 with mixed materials for the walls and tiles for the roof, the property sits on a 754m2 land with an easy/moderate rise contour. The home, though requiring some rejuvenation, has a good wall and roof condition, and a floor area of 290m2. The property's Capital Value (CV) has seen a 26% increase from $1,250,000 in 2017 to $1,575,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,024,500, while the latest sale was in 1994 for $333,000.

For investors and families alike, the property's school zone is a significant highlight. Rutherford College, a secondary school with a decile rating of 5, is in close proximity. Rangeview Intermediate and Henderson High School, with decile ratings of 4 and 3 respectively, are also accessible. Freyberg Community School and Tirimoana School, both with a decile rating of 5, complete the esteemed educational options.

With a touch of vision and ambition, this property presents a unique opportunity for potential development, perfectly situated in a quiet cul-de-sac with convenient access to amenities and motorways. The elderly vendors offer it as-is, creating a potential goldmine for the right buyer.

Updated on May 18, 2024