Nestled on a spacious 1143m2 section in the tranquil cul-de-sac of Havelock Road, Ngaruawahia, Waikato, this 1911-built residence offers a promising investment opportunity. The 3-bedroom, freehold property boasts an iron roof and fibrous cement walls in good condition, coupled with an average roof and a level contour. The interior features open plan living, high ceilings, and modern upgrades, while the exterior provides a single carpark. With a CV of $490,000 as of 2023, this property has seen no increase over the last year. HouGarden AVM estimates it at $485,000, making it an attractive prospect for developers or those with a passion for renovation.
History shows a consistent CV, hinting at a stable investment with growth potential. The property's value has not fluctuated, offering a secure foundation for future development. The recent sales history and AVM reflect a market that is ripe for a transformation, whether it's a renovation or subdividing the land to create additional value.
For families, the property falls within a desirable school zone. The local schools boast impressive decile ratings, ensuring a quality education for children. This, combined with the property's potential, makes it an appealing package for those seeking both a home and investment.
Updated on November 15, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.42 km | 3 | 2 | 180m2 | Year 2024 Month 11 Day 20 | - | Council approved | |
 | 0.19 km | 3 | 1 | 105m2 | Year 2024 Month 10 Day 24 | $629,000 | Council approved | |
 | 0.42 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 24 | $729,000 | Council approved | |
 | 0.17 km | 4 | 1 | -m2 | Year 2024 Month 09 Day 27 | $595,000 | Council approved | |
 | 0.41 km | 3 | 1 | 80m2 | Year 2024 Month 07 Day 26 | - | Council approved |