41 Fernaig Street, Papakura, Papakura

Nestled in the esteemed Fernaig Street of Papakura, Auckland, lies this exquisite 4-bedroom freehold property, built in 1964 with a mix of wood and iron construction. Spreading across 905sqm of levelled land, this residence boasts a floor area of 150sqm and is set in a quiet cul-de-sac, promising privacy and tranquility. The property, valued at $1,400,000 as per the latest government valuation, has seen an impressive CV increase of 81.82% since 2017. The potential for further development is evident with the possibility to build 5-6 dwellings, subject to council consent.

With a HouGarden AVM of $1,367,500 and recent sale history, this property presents a solid investment opportunity. The latest sales were recorded at $1,190,000 in 2024 and $1,300,000 in 2022, indicating a consistent market interest. The site is equipped with storm and wastewater services nearby, enhancing its development prospects.

For families, the property falls within the Cosgrove School, Papakura Intermediate, and Papakura High School zones, all rated at decile 1. This premium piece of real estate is not only a perfect family home but also a wise investment in a sought-after suburb with easy access to amenities and transport.

Updated on August 07, 2024