8 Paapaka Way, Waiuku, Auckland - Franklin

Nestled in the tranquility of a quiet cul-de-sac at 8 Paapaka Way, Waiuku, Auckland - Franklin, this freehold property boasts a modern design with 4 bedrooms, 2 bathrooms, and 2 car parks. Constructed with mixed materials for the walls and tiles for the roof, this 151 square meter home with a floor area sits on a level 400 square meter section. The property, built in 2024, is in good condition both inside and out. The capital value as of June 1, 2021, stands at $820,000, reflecting a promising investment opportunity with a significant increase over the years.

History shows a consistent rise in the government's valuation, with the HouGarden AVM estimating the property's worth at $785,000. Recent sales in the area affirm the growing capital value, making this property a wise investment choice. The home's convenient location provides easy access to the Sandspit Road School and Waiuku College, both rated a decile 6 for their educational excellence.

For families with children, the property falls within a highly sought-after school zone. Sandspit Road School offers a full primary education while Waiuku College caters to secondary students from Year 9 to 15. This, combined with the property's capital value growth potential, makes it an attractive package for both investors and families.

Updated on October 22, 2024