Nestled at the end of a quiet cul-de-sac on 4/22 Thomas Road, Mangere, Auckland, this 1980-built residential dwelling with a cross-lease title offers a serene lifestyle. The 70 square meter floor area is graced with 3 bedrooms, 1 bathroom, and a single carpark. The fibrous cement exterior walls and iron roof are both in good condition, adding a touch of charm to the property. Notably, the capital value has seen a significant increase from $470,000 in 2017 to $680,000 as of June 2021, reflecting a growth rate of 44.68%. This is an ideal home for first-time buyers, downsizers, and investors looking to enter this desirable location.
With a HouGarden AVM of $650,000 and the latest sale recorded at $680,000 in 2024, this property presents a compelling investment opportunity. The history of the property includes a sale in 2006 for $192,000, showcasing the consistent capital value appreciation over the years. The home is equipped with HRV and a heat pump, enhancing comfort, and features a well-maintained entertaining terrace with a view and courtyard space.
Educationally, the property falls within the zones of Mangere Central School, Mangere College, and Sir Douglas Bader Intermediate, all with a decile rating of 1. Its proximity to Al-Madinah School and Zayed College for Girls adds to the appeal. Centrally located, it offers easy access to public transport, Northwestern and Southern motorways, Auckland Airport, Middlemore Hospital, and the amenities of Manukau City and Mangere town center.
Updated on October 09, 2024