Nestled on a flat and flood-free level contour at 72 Finlayson Avenue, Clendon Park, this Freehold property is a gem for developers, long-term investors, and aspiring first-time buyers. The 90sqm floor area residence, built in 1986 with a robust Fibrous Cement exterior and Tile roofing, boasts 3 bedrooms, 1 bathroom, and a parking space. The capital value has seen a staggering increase of 73% from $550,000 in 2017 to $950,000 in 2021. The latest HouGarden AVM estimates it at $882,500, while the property’s latest sale history dates back to 2007 at $284,000. With a prime location comes the added benefit of being in the decile 1 school zone for Manurewa High School, Roscommon School, and James Cook High School. The property presents a unique opportunity with potential for renovation and extension, offering serene water views from a lovely front deck and a versatile double-sized garage. It's a perfect blend of convenience and potential, with local amenities, reserves, and transport links just a stone’s throw away.
For the investor, the property currently houses tenants who have been in place for over 13 years, eager to continue their stay. For the developer, it's a blank canvas in a sought-after cul-de-sac, with underground services already in place. And for the first-time buyer, it's a chance to enter the property market with a home that has the space and potential to grow with their dreams.
With everything you need at your fingertips, including easy access to shopping centers, community facilities, and major transport routes, this property is not just a piece of land; it's a future waiting to be shaped.
Updated on May 31, 2024