5 Farnborough Crescent, Mangere, Manukau City

Nestled in the serene Farnborough Crescent of Mangere, Auckland, lies this charming 3-bedroom, 1-bathroom residence on a generous 675 sqm of freehold land. Constructed in 1960 with fibrous cement walls and tiled roofing, this property offers an inviting atmosphere with an average condition facade and roof. The home spans a comfortable 104 sqm floor area, complemented by a single carpark in a quiet cul-de-sac. With a CV of $1,025,000 as of June 2021, this property has seen a remarkable growth of 79.82% since July 2017, echoing the rapid appreciation of real estate in this prime location. The HouGarden AVM estimates the property's worth at $985,000, making it an attractive investment.

History shows a consistent rise in the capital value, reflecting the area's desirability. The recent sale history further testifies to the property's allure. This residence is not just a home but a potential goldmine for investors, with possibilities for subdivision or further development, subject to council consent. The Mixed Housing Suburban zoning adds to the property's appeal, offering a versatility that's hard to find.

For families with school-aged children, the property falls within the catchment area of Mangere College, Mangere Central School, and Sir Douglas Bader Intermediate, all rated in decile 1. This ensures access to quality education within the community. Whether you're seeking a place to raise a family or a smart investment, this property is a treasure waiting to be discovered in the heart of Mangere.

Updated on October 03, 2024