2/5 Freeman Way, Manukau, Auckland - Manukau

Nestled in the heart of Manukau, Auckland, this 2-bedroom property with a Unit Title offers a versatile living and investment opportunity. Constructed in 2000 with concrete walls and an iron roof, both in good condition, the property sits on Freeman Way, a quiet cul-de-sac. It boasts a floor area of 216 square meters and a generous 4 carparks. The property, valued at $750,000 as of June 2021, has seen a CV increase of 19.05% since July 2017, reflecting its growing value. Currently vacant and fully renovated, it's a "move in right now" option, split into one residential unit and one commercial unit with a showroom, centrally located in Manukau's CBD with flexible General Business zoning.

With a HouGarden AVM of $695,000, this property also boasts a recent sales history that underscores its investment potential. The capital growth percentage is a testament to the property's desirability in the area. The vendors, after 20 years of ownership, are motivated to sell, presenting a fantastic opportunity for the right buyer.

For families, the property falls within the zones of Puhinui School (Contributing, Decile 3), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Secondary, Decile 3), ensuring quality education options. This combination of location, value, and educational opportunities makes it an attractive prospect for both investors and families.

Updated on June 14, 2024