17 Rangimarie Road, Ngaruawahia, Waikato

Smart buyers will be captivated by the allure of 17 Rangimarie Road, a charming residence nestled in a quiet cul-de-sac of Ngaruawahia, Waikato. This freehold property boasts 3 bedrooms, 2 bathrooms, and a double garage, all set upon a level 706sqm section. Constructed in 1950 with wood walls and tile roofing, both in good condition, this home is a sun-filled haven with a spacious living area, modern open-plan kitchen, and an office nook. The capital value remains unchanged since 2017 at $530,000, yet the HouGarden AVM estimates it at $510,000. Notably, the latest sales were in 2002 for $207,000 and in 1996 for $76,000, indicating a potential for growth. This property, with its strategic location minutes from town and The Base Hamilton, offers a sound investment or an ideal first family home in a decile-rated school zone.

Since 2017, the capital value has seen no increase, remaining at $530,000. However, the property's estimated value according to HouGarden AVM is $510,000, presenting a discrepancy that could signal a market opportunity. The latest sales history, with transactions in 2002 and 1996, demonstrates a property with a stable and appreciating value, perfect for a wise investor's portfolio.

For families with educational considerations, this property falls within a school zone with a favorable decile rating. The close proximity to well-regarded schools ensures a quality education for children, adding to the appeal of this already attractive property.

Updated on April 18, 2024