Nestled at 59 Esplanade, Te Kuiti, Waitomo, this residential dwelling on a freehold title offers a charming project opportunity. Constructed in 1910 with wood walls and an iron roof, it boasts 3 bedrooms, 2 carparks, and a floor area of 118sqm on a spacious 969sqm section with an easy/moderate rise contour. The property, which is in need of full renovation, presents a blank canvas for potential transformation. Notably, the capital value has surged by 60.87% from $230,000 in 2018 to $370,000 in 2021, showcasing a rapid growth potential. The HouGarden AVM estimates the property's worth at $367,500, making it an attractive prospect for investors and homeowners alike.
From a financial perspective, the property's CV increase is a testament to its investment potential. The recent sale history and set date sale indicate a unique opportunity in a developing area. The generous land size coupled with the vintage house holds immense potential for future development or a creative renovation project.
For families, the property falls within a desirable school zone. With excellent educational facilities and a favorable decile rating, it ensures a quality education for children. Whether you seek a thriving garden, a playful haven for kids, or an outdoor entertainment area, this property's backyard promises endless possibilities.
Updated on November 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 2 | 110m2 | Year 2024 Month 10 Day 18 | $305,000 | Council approved | ||
 | 0.15 km | 2 | 1 | 66m2 | Year 2024 Month 09 Day 27 | $250,000 | Council approved | |
 | 0.25 km | 2 | 1 | 79m2 | Year 2024 Month 08 Day 26 | $330,000 | Council approved | |
 | 0.31 km | 5 | 2 | 353m2 | Year 2024 Month 08 Day 09 | - | Council approved | |
 | 0.17 km | 4 | 173m2 | Year 2024 Month 07 Day 12 | $470,000 | Council approved |