21a Mahi Road, Te Kauwhata, Waikato

Located at 21a Mahi Road, Te Kauwhata, Waikato, this freehold property is a residential dwelling that boasts a floor area of 112m2 and sits on a generous land area of 606m2. Constructed in 2000 with iron walls and roofing, both in good condition, the property features a level contour, four bedrooms, a spacious detached double garage with power for two cars, and is described as a high demand rental property. The building's age and materials ensure a sturdy and low-maintenance home, ready to generate rental income immediately.

The property's capital value has remained steady at $550,000 since July 2017, with no increase by October 2020. Despite this, the latest sale on January 15, 2024, saw the property fetching $600,000, significantly higher than its HouGarden AVM of $530,000 and its initial sale price of $38,000 on March 26, 1999. This indicates a strong market interest and potential for investment returns.

Located within walking distance to local schools, daycares, sports centres, public transport, and the main street, the property falls within the school zones of Te Kauwhata Primary School (decile 5) and Te Kauwhata College (decile 4), offering good educational options for families. This, combined with its ready-to-rent condition, double glazing, and insulation, makes it an attractive option for tenants seeking a modern and comfortable living environment.

Updated on April 06, 2024.