Nestled on Craig Terrace, Te Kuiti, Waitomo, this residential property boasts a freehold title with a charming 1940s construction. It comprises two well-appointed 2-bedroom units, each with a distinct character and modern amenities, including a single carport and separate laundry facilities. The exterior features wooden walls and tiled roofing, both in average condition, sitting on a generous 823sqm plot with an easy-to-moderate contour. Each unit is currently tenanted, offering a stable rental income.
Since 2018, the capital value has shown a significant increase of 31.58%, from $190,000 to the current $250,000 as per the government's valuation. The HouGarden AVM estimates the property's worth at $240,000, while the latest sales in 2024 indicate a high market demand with a transaction price of $340,000. This presents a promising investment opportunity with a solid growth trajectory.
For families with children, the property falls within a desirable school zone. The local schools are known for their high decile ratings, ensuring access to quality education. This combination of investment potential and family-friendly location makes it a Double Act that's hard to miss!
Updated on May 02, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
St Joseph's Catholic School (Te Kuiti) | 0.63 km | Primary | 1-8 | Government | Co-Educational | EQI: 442 | 4 | |
Te Kuiti Primary School | 0.66 km | Primary | 1-8 | Government | Co-Educational | EQI: 495 | 3 | |
Te Kuiti High School | 0.72 km | Secondary | 9-15 | Government | Co-Educational | EQI: 514 | 2 | |
Pukenui School (Te Kuiti) | 0.75 km | Primary | 1-8 | Government | Co-Educational | EQI: 536 | 3 | |
Centennial Park School | 1.04 km | Primary | 1-8 | Government | Co-Educational | EQI: 540 | 1 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.30 km | 4 | 1 | 140m2 | Year 2024 Month 04 Day 26 | $499,000 | Council approved | |
 | 0.28 km | 4 | 2 | 130m2 | Year 2024 Month 04 Day 08 | $340,000 | Council approved | |
 | 0.14 km | 6 | 2 | 240m2 | Year 2024 Month 04 Day 04 | $580,000 | Council approved | |
 | 0.14 km | 3 | 1 | 130m2 | Year 2024 Month 02 Day 21 | $355,500 | Council approved | |
 | 0.18 km | 2 | 1 | 130m2 | Year 2024 Month 01 Day 22 | $407,000 | Council approved |