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Unclaimed

24A Grove Road, Papakura

Auckland

Negotiation

  • 4
  • 1
  • 6
  • 134m²
  • 888 m²
  • House
  • 1 Lounge
  • 1 Family room
  • 1 Dining room
  • 2 Garage
  • 4 Off-street parks
Fencing
Partially Fenced
Views
Urban
Exterior
Masonry Block/Brick, Weatherboard Timber
Water supply
Town
Sewage
Mains

YOUR GOLDEN TICKET-STAGED RC & DELAYED SETTLEMENT

Cashflow Friendly | Development Potential | 888sqm

Set on 888sqm (more or less), 24A Grove Road presents an exciting opportunity for developers, builders and investors looking to create value while keeping an income stream in place. With Resource Consent already granted, you can retain the existing four-bedroom home, currently returning $745 per week, while progressing the rear development, subject to any further Council approvals. It's a practical way to keep the cashflow coming in while moving your project forward.

But there's more to explore. The existing home also provides the potential to be relocated to another site, creating another opportunity to generate income or maximise the value of the dwelling, subject to Council approval. Delayed settlement is also available, giving you the opportunity to secure the property now and settle later.

Key features:

• Resource Consent already granted

• Existing four-bedroom home returning $745 per week

• 888sqm (more or less)

• Delayed settlement available

• Potential to relocate the existing dwelling (subject to council approval)

• Services available nearby

• Flat & level site with easy access

The architecturally designed plans have been created in collaboration with a builder, with a focus on delivering a cost-efficient four-bedroom home without compromising on space or quality. With four generous bedrooms, there's room for everyone, while the two master bedrooms add flexibility to the design. The downstairs master offers an ideal private retreat for parents, guests, extended family or teenagers.

The proposed home also features three bathrooms, including two ensuites, and four toilets, providing excellent convenience and privacy for busy family living. An internally accessed garage with additional storage, along with off-street parking, adds further practicality.

Centrally located within walking distance of local shops, schools, the train station, swimming pool, bus stops and a medical centre, with motorway access approximately 10 minutes away. Drury's rapidly developing area is also around 15 minutes away, with the new Drury train station now operating and further major development planned, including future retail, commercial and healthcare facilities.

The vendors have done the groundwork, created the vision and are now committed elsewhere. With the plans and Resource Consent already in place, this is your opportunity to take over where they left off and unlock the potential for yourself.

Our vendors loss could be your opportunity!

Contact us today to review the Resource Consent, discuss the proposed plans and explore the potential this property offers.

*All proposed development and relocation options remain subject to any further required Council approvals and purchaser due diligence*

OwnBetter estimate
$885k
Medium confidence

We estimate it would sell for $885,000 as at 5 October 2026, in a range of $795,000 to $1,010,000.

Typical home in Papakura
$736k
The median of our estimates of its 10,012 homes
How we worked this out
Council valuation, May 2024$990,000
Market movement in Auckland since the council valuation−4.8%
Apartments and houses in Auckland+0.1%
How Papakura sells against council values−1.8%
Homes of this age in Papakura−0.9%
Homes in this price range−0.2%
Land as a share of the value−1.1%
Nearby recent sales (15)−1.1%
Its own sale in 2018−1.2%
Our estimate$885,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales and its own last sale have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

My notes
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What it costs to live here

Home expense estimates

—a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Investor insights

24A Grove Road as a rental

Rent estimate$715/wk$620–$820 · Little evidence
Gross yield4.2%$37,180 a year on $885k
Net yield3.5%After $6,578 of costs
Cash flow−$126/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $715
Property manager
Rent, 52 weeks$37,180
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$30,602
Interest $619,500 at 6.00%, interest only−$37,170
Cash flow before tax−$6,568
Cash flow a week−$126
Gross / net yield on the price4.2% / 3.5%
Return on equity cash flow on the deposit, before tax−2.5%
Loses money above this interest rate, before tax4.94%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.94%. That is -2.5% a year on a $266k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area134 m²
  • Land area888 m²
  • Decade built1960s
  • Bedrooms4
  • Bathrooms1
  • Property categoryUse not published
  • CouncilAuckland
  • Valuation #35010-00000033200
  • Valuation date1 May 2024

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

Order a title record
  • Title numberNA1532/83
  • Title typeFreehold
  • Legal descriptionLot 13 Deposited Plan 45015
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

Reading the council's maps…

What could you build here?

See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.

About Papakura

Auckland
11,110
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand

13 people looked at properties in Papakura this week.

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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