Nestled on a prime location at 32 Wainui Road, Raglan, this freehold property boasts a capital value of $1,200,000, unchanged since 2017, reflecting a stable investment. Constructed in 1992 with fibrous cement walls and an iron roof, the dwelling offers 3 bedrooms, 2 bathrooms, and 2 car parks, spread across a floor area of 122sqm on a land area of 674sqm. The property enjoys an easy/moderate rise contour, enhancing its panoramic views over the Marine Parade and beyond.
With a HouGarden AVM of $1,117,500 and a sales history that saw it valued at $190,000 in 1996 and $100,000 in 1992, this property presents a unique opportunity. The capital value growth percentage may be steady, but the potential is undeniable. The latest valuation underscores the property's allure as a serene beachside haven or a lucrative Airbnb venture.
Educationally, the Raglan Area School for years 9-13, a composite school with a decile rating of 4, is a significant draw. The property is not just about numbers; it's about the lifestyle. Whether you're watching the world go by from the conservatory, enjoying the sunken paved courtyard, or basking in the warmth of the gas fire during cooler months, this home offers comfort all year round, thanks to the added bonus of solar-assisted hot water and a heat pump.
Updated on May 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 1 | 1 | 69m2 | Year 2024 Month 11 Day 11 | $829,500 | Council approved | |
 | 0.18 km | 0m2 | Year 2024 Month 09 Day 07 | $390,000 | Council approved | |||
 | 0.09 km | 3 | 115m2 | Year 2024 Month 08 Day 29 | $800,000 | Council approved | ||
 | 0.37 km | 4 | 2 | 220m2 | Year 2024 Month 08 Day 21 | $1,220,000 | Council approved | |
 | 0.29 km | 3 | 2 | 119m2 | Year 2024 Month 07 Day 08 | $810,000 | Council approved |