George Street, Te Kuiti, Waitomo

This property, located at George Street, Te Kuiti, Waitomo, encompasses two units each with 2 bedrooms, making a total of 4 bedrooms, 2 bathrooms, and 2 carparks. The floor area spans 165 square meters, sitting on a generous land area of 1115 square meters. Built in 1940, the property boasts a freehold ownership type, with wood wall construction and tile roof, both in average condition. The property's contour is level, ideal for both the front and back generous flat sections, currently housing tidy tenants and returning $330 per week.

The capital value of this property has seen a significant increase, from $175,000 in September 2018 to $265,000 in September 2021, marking a 51.43% growth. The latest sales data shows a sale at $380,000 in February 2024, following a previous sale at $440,000 in September 2021. The HouGarden AVM estimates the property's value at $260,000.

While specific school zone information is not provided, the property's location in Te Kuiti, Waitomo, suggests access to local educational facilities. The property's appeal is enhanced by its potential for investment, ticking all the boxes for investors looking for properties with a steady rental return and capital value growth.

Updated on March 22, 2024.