11 Vine Street

Off Market

11 Vine Street

Mangere East Auckland

933 m²

House

Last sold for $1,158,000

Overview

Home & Income with Approved Resource Consent

• 3 bedroom, 1 bathroom main house • 2 bedroom, 1 bathroom minor dwelling • Set on a freehold 933sqm land parcel • Holds a current approved Resource Consent to relocate existing and construct new dwellings This property boasts two spacious dwellings on a freehold 933sqm land parcel. Offering a multitude of potential options, presenting as a perfect rental investment, suited to extended family or complete the project under the granted resource consent. The front house features a 3 bedroom layout with separate kitchen, dining, and living areas. The bedrooms are serviced by the family bathroom and separate WC. The rear dwelling features 2 bedrooms, 1 bathroom, and an open plan living area. The combined rental yield is expected to be in excess of $1,040 - $1,100 weekly which makes it ideal for investors or for families of all sizes and those wanting someone else to pay their mortgage off. Maximize your investment, let the legal income pay for it! The property comes with a resource consent granted until mid-August 2021. This consent offers a project to relocate the existing main dwelling and construct a new 3 bedroom, 1 bathroom minor dwelling at the rear of the site. The consent also grants construction of a new 5 bedroom, 3 bathroom, 2 living area dwelling with a double garage at the front. Located in a prime position within bustling Mangere East, minutes to local parks, schools, daycares and amenities, Middlemore Hospital, and the train station. Zoned for Sutton Park School and Southern Cross Campus. Handy to the motorway and Auckland Airport. This property appeals to all investors, developers, and large families. Don't delay on this fantastic opportunity, call today to view.

Features

5 bedrooms

2 bathrooms

933 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Mangere East over the last 12 months, the estimated median property value of 11 Vine Street is $974k.

Median value

$974k

Estimated value range

$650k - $1.16m

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Mangere East. 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 11 Vine Street

2021

Sold

$1,158,000

Sold After Auction on 24 Mar 2021

Happy sellers in Mangere East

76%

76% of sellers in Mangere East reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 79 reviews in Mangere East over the last 12 months.

Local market activity for 5 bedroom houses in Mangere East

In the last 12 months, 23 five-bedroom houses similar to 11 Vine Street, have been sold.

This represents a 35% decrease in five-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Mangere East for a free market appraisal.

Sasa Tofilau

at Harcourts Cooper & Co Epsom

(111 reviews)

Get a free market appraisal

Sparsh Wadhawan

at Harcourts Manukau - Karan & Co

4.9

(43 reviews)

Get a free market appraisal

Malo Tuiloma

at Ray White Papatoetoe (Noble Realty Limited)

(53 reviews)

Get a free market appraisal

Ali Mohamed

at Ray White Manukau(A T Realty Ltd)

(17 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mangere East

Sasa Tofilau

Sellers who recommend Sasa Tofilau have praised them for being local expert, clear communication, dedicated, hard-working, empathetic, supportive and great negotiation