Back 1 Park Avenue
Off Market

1 Park Avenue

Papatoetoe Auckland

5
3
885 m²
House
Deepak NainDeepak Nain, last sold this property on 06 June 2025 after 38 days on market.

Overview

Situated on a generous 885sqm (more or less) freehold corner site in the heart of Papatoetoe, this property offers the perfect combination of immediate rental income and long-term development potential. Zoned Mixed Housing Suburban, with stormwater and wastewater services nearby, the site is a fantastic option for developers, land bankers, or savvy investors. Currently configured as three flats, the property is fully tenanted by reliable, long-term tenants - a key reason the owners have held onto it for so long. • 1 Park Avenue: $440 per week • 1A Park Avenue: $410 per week • 1B Park Avenue: $560 per week Total rental income: $1,410 per week (approx.). Located close to Old Papatoetoe town centre, Papatoetoe Train Station, motorway access, schools, and local amenities, this position ensures strong tenant demand and future growth potential. With the recent legislative changes and improving investor confidence, opportunities like this are not to be missed. Whether you're looking to landb

Features

5 bedrooms
3 bathrooms
885 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Papatoetoe over the last 12 months, the estimated median property value of 1 Park Avenue is $1.15m.

Median value
$1.15m
Estimated value range
$1.135 - $1.48m
Median days on market
31
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Papatoetoe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Park Avenue

2025
Sold
Undisclosed
06 Jun 2025 by Deepak Nain, of Harcourts Mt Albert (JK Realty Group Limited)

Happy sellers in Papatoetoe

82%
82% of sellers in Papatoetoe reported that their sale price either exceeded or met their price expectations.

Papatoetoe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 294 reviews in Papatoetoe over the last 12 months.

Local market activity for 5 bedroom houses in Papatoetoe

In the last 12 months, 64 five-bedroom houses similar to 1 Park Avenue, have been sold.

This represents a 12% decrease in five-bedroom houses sales when compared to the previous 12 months.

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