2/91 Esplanade, Te Kuiti, Waitomo

Nestled in a serene cul-de-sac at 2/91 Esplanade, Te Kuiti, Waitomo, this residential ownership home unit boasts a practical layout with 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1970 with mixed materials for the walls and tiles for the roof, this property presents an average condition both inside and out on a level contour. It is offered on a Cross-Lease title, providing a unique opportunity for those seeking to escape the rental cycle with a deposit as low as $12,500. The property has seen a significant Capital Value (CV) increase from $135,000 in 2018 to $280,000 in 2021, reflecting a growth rate of 107.41%. The HouGarden AVM estimates the property's value at $270,000, while the latest sale history shows a sale price of $230,000 in 2024 and $89,000 in 2005.

With a clear asking price of $250,000, these Lockwood style units with a combined shower and toilet area are priced to meet the market. The vendor is firm on their price, and a viewing will likely confirm that the asking price is in line with today's market values.

For families with children, the property falls within a desirable school zone with excellent educational facilities, ensuring a top-notch education for your little ones.

Updated on October 16, 2024