1b Cherry Place, Waiuku, Auckland - Franklin

Welcome to 1B Cherry Place, a charming residential unit in the tranquil Waiuku, Auckland - Franklin. Constructed in 1981 with durable brick walls and iron roofing, this cross-lease property offers 3 comfortable bedrooms and is maintained in good condition both inside and out. The 120sqm floor area provides ample space for a cozy lifestyle. This low-maintenance gem is perfect for first-time buyers or retirees seeking a peaceful retreat.

With a significant increase of 39.13% in Capital Value from $460,000 in 2017 to $640,000 in 2021, and an estimated value of $597,500 by HouGarden AVM, this property presents a sound investment. Notably, the latest sale history shows a consistent rise, from $165,000 in 2000 to $166,281 in 2007, indicating a steadily appreciating market value.

For families with school-aged children, this property falls within the catchment area of Waiuku College, a secondary school with a decile rating of 6. The convenient location, coupled with the property's solid structure and potential for value growth, makes it an attractive proposition for those seeking a quality lifestyle and educational opportunities.

Updated on July 10, 2024