5270 State Highway 3, Awakino, Waitomo

Nestled at 5270 State Highway 3, Awakino, Waitomo, this residential vacant land boasts a freehold title, ensuring full ownership and autonomy. With a level contour, it presents a blank canvas for future development. The property includes one carpark and is set on a generous 2236 square meters of land. While the specifics of the wall and roof construction are unknown, the property's potential is undeniable, as evidenced by its growing capital value.

As of recent valuations, the property's capital value has seen a significant increase from $295,000 in September 2018 to $520,000 in September 2021, reflecting a growth rate of 76.27%. The HouGarden AVM estimates the property's worth at $500,000, while the latest sale history shows transactions at $790,000 in March 2024 and $330,000 back in August 2003, highlighting a consistent upward trend in value.

For families with children, the property falls within a desirable school zone. With a focus on education, this location ensures access to quality schools and a supportive community, enhancing the appeal of this already promising investment opportunity.

Updated on April 11, 2024