8 Lower Waikato Esplanade, Ngaruawahia, Waikato

Nestled in the tranquility of 8 Lower Waikato Esplanade, this charming residential dwelling in Ngaruawahia, Waikato, boasts 3 bedrooms, 3 carparks, and a generous floor area of 108 square meters on a sprawling 1138 square meters of land. Constructed in 1960 with iron roofing and wooden walls, this freehold property presents an average condition both inside and out, enjoying a level contour for ease of living. Currently valued at $650,000 according to the government’s capital value assessment, this property has seen a stable evaluation over time, indicating a 0.0% CV increase. The HouGarden AVM estimates the property’s worth at $632,500, a figure that aligns closely with the latest sale history, which includes transactions in 2012 and 1995.

With a CV that has remained consistent, this property offers a secure investment opportunity, currently on the market with the potential for an investor to purchase and retain the existing tenants. Notably, the property enjoys a rental income of $530.00 per week, with water costs additional. The latest sale records showcase a significant increase in value, from $74,000 in 1995 to $100,000 in 2012, highlighting the property’s appreciating worth over the years.

For families with educational considerations, this property falls within a desirable school zone, with top-notch educational facilities and a high decile rating, ensuring the best start for children.

Updated on July 23, 2024