Nestled in the tranquility of a quiet cul-de-sac at 6 Barakat Place, Ngaruawahia, Waikato, this 1940-built, freehold property offers a promising investment opportunity. The three-bedroom, one-bathroom dwelling with a single carpark spans an area of 87 square meters on a generous 683 square meter section. Constructed with fibrous cement walls and tiled roofing, this home boasts an average condition both inside and out, sitting on a contour with an easy/moderate rise. It's a perfect 'Doer Upper' for first-time buyers or young families seeking a project to transform into a cozy family home or a lucrative flip.
With a consistent Capital Value (CV) of $520,000 since 2023, and a HouGarden AVM of $500,000, this property's latest sale history shows a significant increase from $15,000 in 1991 to $450,000 in 2024. Despite a current CV increase of 0.0%, the potential for growth is undeniable, making it an urgent sale not to be missed.
For families with children, the property falls within a desirable school zone. With excellent educational facilities and a positive decile rating, this address ensures access to quality schooling, adding further value to this attractive property package.
Updated on October 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 0m2 | Year 2024 Month 11 Day 01 | $330,000 | Council approved | |||
 | 0.28 km | 3 | 1 | 161m2 | Year 2024 Month 07 Day 18 | - | Council approved | |
 | 0.27 km | 3 | 1 | 77m2 | Year 2024 Month 07 Day 06 | $495,000 | Council approved | |
0.40 km | 3 | 1 | 94m2 | Year 2024 Month 07 Day 01 | $755,000 | Council approved | ||
 | 0.19 km | 2 | 1 | -m2 | Year 2024 Month 06 Day 20 | $555,000 | Council approved |