1/7 Haumia Way, Otara, Auckland - Manukau

Positioned in the serene environment of 1/7 Haumia Way, a quiet cul-de-sac in Otara, Auckland, this residential dwelling on a cross-lease title presents an attractive opportunity for both first-time buyers and investors. The property, built in 1988 with iron roofing and fibrous cement walls, maintains an average condition both inside and out. It features 3 bedrooms, 1 bathroom, a single carpark, and a floor area of 87 square meters. Notably, the capital value has seen a significant increase from $550,000 in 2017 to $600,000 as of June 2021, reflecting a growth rate of 9.09%. The HouGarden AVM estimates the property's value at $572,500, while the latest sale history shows a progression from $144,000 in 2004 to $365,000 in 2015.

For families with children, the property falls within the zone of Rongomai School, Dawson School, and Tangaroa College, all rated a decile 1. The residence is not only conveniently located near local amenities and Botany Junction but also boasts a sunlit open-plan kitchen, new carpeting, and a fresh coat of paint. The inclusion of a heat pump and a standalone garage adds to the comfort and convenience of this charming home.

With a prime location and a promising CV growth history, this property is not just a house but a gateway to homeownership, offering both value for money and the convenience of being in close proximity to educational institutions.

Updated on April 18, 2024