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162 Rimu Street, Maeroa, Hamilton, 3 Bedrooms, 1 Bathrooms, House

Sold: $499,000

Sold on 2024 Year 2024 Month 05 Day 17

162 Rimu Street, Maeroa, Hamilton

3
1
100m2
466m2

Nestled on a freehold site at 162 Rimu Street, Maeroa, Hamilton, this 1920's bungalow exudes charm with its wooden walls and iron roof. Offering 3 bedrooms, 1 bathroom, and 2 car parks, this residence boasts a floor area of 100sqm and is set on a generous 466sqm section with an easy/moderate rise contour. The property has seen a significant Capital Value increase of 61.80% from $445,000 in 2018 to $720,000 in 2021. The HouGarden AVM estimates the property's value at $670,000, while the latest sales history shows transactions at $306,000 in 2013 and $241,000 in the same year.

With a CV growth that outpaces the market, this home is not just a dwelling but a sound investment. It features period details like native timber floors and leadlight windows, along with modern comforts such as a heat pump and a well-equipped kitchen with stainless steel appliances. The oversized double garage and additional off-street parking are added bonuses.

For families, the property falls within the zones of Fraser High School (Decile 4), Forest Lake School (Decile 4), and Maeroa Intermediate (Decile 3), ensuring access to quality education. This outstanding entry-level home is priced sharp at $559,000, presenting a must-see opportunity for those looking to enter the property market.

Updated on May 21, 2024

Council Data

Last update : 2025 01 29
Improvement value$275,000Increased by 83% from year 2018
Land value$445,000Increased by 50% from year 2018
CV(Year 2021 Month 09)$720,000Increased by 61% from year 2018
DeckYes
View typeNo appreciable view
ContourEasy/Moderate rise
Land area466m²
Floor area100m²
Decade of construction1920
TitleSA70D/508
Type of titleFreehold
Legal descriptionLOT 1 DP S89409
CouncilHamilton
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN SOUTH AUCKLAND 89409,466m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Average
Roof: Average
ZoningResidential Zone - General Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Maeroa Intermediate
0.75 km
Secondary
7-8
Government
Co-Educational
EQI: 492
3
Fraser High School
0.86 km
Secondary
9-15
Government
Co-Educational
EQI: 509
4
Forest Lake School
1.04 km
Primary
1-6
Government
Co-Educational
EQI: 497
4

Property history

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For developers

Unitary plan:Residential Zone - General Residential Zone
Land:466m²
Title:Freehold

Surrounding facilities

Rimu Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
19 Rata Street, Maeroa
0.10 km
4
1
110m2
Year 2024 Month 12 Day 10
$565,000
Council approved
19 Rata Street
0.10 km
4
1
110m2
Year 2024 Month 12 Day 10
-
Council approved
17 Rata Street, Maeroa
0.11 km
3
1
-m2
Year 2024 Month 12 Day 02
$645,000
Council approved
152a Rimu Street, Maeroa
0.09 km
4
1
96m2
Year 2024 Month 10 Day 31
$520,000
Council approved
0.12 km
3
149m2
Year 2024 Month 10 Day 13
$758,000
Council approved

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