Mangere home CV $1.2m, sold for $4.7m - News Summed Up

Mangere home CV $1.2m, sold for $4.7m


A former market garden with a 1920s brick and tile home and overgrown glasshouses in Mangere sold at auction this week for $4.7 million - almost $3.5m over its council valuation. The average Mangere Bridge home is selling for 27 per cent over CV. "The ... Mangere and Mangere East area has changed very quickly and this particularly piece of land is quite special," Anderson said. The large site has space for 25 houses, which could rise to 35 under proposed Unitary Plan changes. New figures show the average house value in nearby Mangere Bridge is a little more than $900,000.


Source: New Zealand Herald July 16, 2016 17:07 UTC



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