Nestled in the heart of Paeroa, at 6 Corbett Street, lies a charming 3-bedroom, 1-bathroom residential dwelling on a Freehold title. Constructed in 1940 with wood exterior walls and a fibrous cement roof, this home sits on a level plot of 301 square meters with a floor area of 87 square meters. The property boasts an average condition for both walls and roof, and it features a north-facing covered deck, a fully fenced rear garden, and a covered front deck with a single garage. With a CV of $490,000 as of September 2021, this property has seen no increase from the previous month, but it presents a great opportunity with a HouGarden AVM of $470,000. Notably, the latest sales were in 1996 for $77,000 and in 1995 for $58,000, indicating a potential for growth.
As for the financials, the capital value has remained stable with a 0.0% increase, which could be a solid investment in the current market. This property may well be Paeroa's most affordable 3-bedroom offering, with a cozy layout that includes large open plan living and dining, separate laundry and toilet, and two bedrooms with robes. It's a diamond in the rough, ready to shine with a bit of tender loving care.
For families, the school zone is a significant draw. The property falls within a highly regarded decile, ensuring access to quality education. With schools in close proximity, this home is not only convenient but also a wise choice for those considering the academic future of their children.
Updated on April 12, 2024