5 Carr Street, Tuakau, Waikato

Located at 5 Carr Street, Tuakau, Waikato, this Freehold property is a gem for astute investors, offering a potential annual return of over $44,000.00pa, which translates to a yield over 7%! The property consists of a main house and a separate rear flat, making it ideal for accommodating two families or an extended large family. The main house features two bedrooms plus a study/hobby room, an open plan kitchen/dining and living area with a wood burner, a large bathroom, and an internal laundry. A private garden area at the rear and a carport at the front enhance the living experience. The separate standalone flat includes an open plan studio with a kitchenette, bathroom, and a small sunroom, along with its own private garden and fully fenced yard. Both homes meet the HEALTHY HOMES Compliance Standards, ensuring a comfortable living environment.

The property has seen no increase in capital value since 2017, remaining at $495,000, with a HouGarden AVM of $485,000. Despite this, the property's historical sales data shows significant transactions, with the latest sale in 2007 for $255,000 and a previous sale in 2004 for $48,000. This indicates a stable investment with potential for growth.

Zoned for Tuakau Primary and Tuakau College, this property is within easy walking distance to both, offering a decile 4 education. Nearby Children Daycare Center, Harrisville School, Eden Christian Academy, and Onewhero Area Schools are accessible via the local school bus route, making it a convenient location for families. With easy motorway access to cities both north and south, this property is not only a great portfolio starter but also a wise investment for those looking to see their returns grow.

Updated on March 21, 2024.