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7a & 7b Norana Avenue, Favona, Manukau City

Auction, 07 May 2025 11:00

1,199m²

CASH COW-MUST BE SOLD!

Unlock the potential of this rare home and income opportunity on a generous 1199sqm (more or less) section in the ever-growing suburb of Favona.

The main home comprises of a solid 3-bedroom, 1-bathroom home, offering great bones and plenty of scope for renovation or reimagining. Whether you're looking to modernise and add value or create your dream family home, this space is a canvas waiting for your personal touch.

Tucked behind the main home is a fully self-contained, standalone 3-bedroom, 1-bathroom dwelling, with a combined income of $1,105 per week & tenants eager to stay on-This makes for a strong income stream right from the get-go - ideal for savvy investors or those seeking extra help with the mortgage.

Key Features:

Large 1199sqm landholding - potential for future development (subject to council approval)

Two fully separate dwellings - ideal for extended families, investors, or multi-generational living

Rental income of $1,105/week total

Excellent location - close to schools, motorway access, local shops, and public transport

Ample on-site parking and outdoor space

Whether you're a big family needing space, a renovator with vision, or an investor looking for solid returns, this property ticks all the boxes.

Opportunities like this are rare - act fast and secure your future in Favona!

Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consent.

Additional details

Type

Home & Income

Property ID

MKU44106

Listed on

10/04/2025

Updated

2 days ago

Auction1

Wed, 7 May

11:00AM

Data

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Listed for sale on OneRoof for 16 days (last updated on 10 April). There are 2 6-bedroom properties for sale nearby. There are 31 properties for sale in Favona.

Market insights

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Property type

All property types

Bedrooms

All

Time (yrs)

5 yrs

Median sales price

$833.25K

Capital growth

-0.46%

5.47%5 yrs change

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Favona, Manukau City

Favona is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Favona is the 86th largest suburb of Auckland in terms of the total number of residential housing stock. Favona provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Favona is made up of approximately 96% residential housing and 4% residential investment housing properties.

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