Nestled on a serene 9.5 acres in the desirable Wainui suburb, this unique freehold property at 308 Monowai Road boasts 5 spacious bedrooms and is set against a backdrop of breathtaking bush and pasture. Constructed in 1980 with iron roofing and wooden walls in good condition, it offers a tranquil escape with peaceful waterfalls and lush greenery. The property, with a current Capital Value (CV) of $2,000,000, has seen a 31.15% increase since 2017. The HouGarden AVM estimates it at $1,950,000. It's within the catchment of top-rated schools, Orewa College (Decile 9) and Wainui School (Decile 9), and is only a short drive to the Wainui Golf Club. This is a rare opportunity to own a slice of paradise, perfect for a visionary renovator to transform into a dream home.
With a CV that has risen from $1,525,000 in 2017 to its current value, this property presents a sound investment. The AVM reflects a conservative estimate, making it an attractive prospect for potential buyers. Its history includes a recent sale that speaks to its desirability and potential for further growth.
For families with school-aged children, the property falls within the zone of two high-performing schools. Orewa College, a Secondary school (Year 7-15) with a Decile rating of 9, and Wainui School, a Full Primary with the same Decile rating, ensuring quality education is within easy reach.
Updated on August 20, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 3.85 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 20 | - | Council approved | |
 | 0.58 km | 4 | 2 | 350m2 | Year 2024 Month 12 Day 16 | - | Council approved | |
 | 4.67 km | 4 | 2 | -m2 | Year 2024 Month 11 Day 01 | $1,420,000 | Council approved | |
 | 5.35 km | -m2 | Year 2024 Month 10 Day 31 | - | Council approved | |||
 | 5.36 km | 1 | 1 | -m2 | Year 2024 Month 09 Day 01 | $900,000 | Council approved |