25 Olive Crescent, Papatoetoe, Auckland - Manukau

Nestled on a sprawling 1113 square meter section with freehold road frontage, 25 Olive Crescent, Papatoetoe, Auckland, presents a prime real estate opportunity. This residential property, built in 1950, boasts of a sturdy iron roof and wooden exterior walls in average condition. It features 3 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 94 square meters. The property, with a fair roof condition and easy/moderate fall contour, is perfect for developers or land bankers seeking to leverage mixed housing suburban zoning for various development prospects.

As per the latest valuation records, the capital value has seen a remarkable increase of 73.3%, from $880,000 in July 2017 to $1,525,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,284,500. Historically, this is a sound investment given the rapid CV growth and the potential for further appreciation.

For families with school-going children, the property falls within the decile 2 school zones of Kedgley Intermediate, Aorere College, and Papatoetoe South School, ensuring quality education at every level. The convenient access to SH1 and SH20 motorways, Middlemore Hospital, and Auckland Airport further enhances the appeal of this property, making it an ideal blend of comfort, convenience, and potential return on investment.

Updated on September 20, 2024