53 Koheroa Road, Mercer, Waikato

Nestled in the charming Mercer, this 3-bedroom, 1-carpark residence on 53 Koheroa Road offers a unique opportunity on a freehold section of 1,477m². Constructed in 1910 with wood walls and an iron roof, both in fair condition, this property is perfect for those with a vision for renovation. The capital value remains stable at $415,000 according to the latest government valuation, with a HouGarden AVM of $412,500. The property witnessed a recent sale on October 12, 2024, at $530,000, indicating a potential growth. The quiet, easy-to-moderate fall contour provides a serene environment, close to the expressway, offering convenient access to Auckland and Hamilton. The Tuakau College in the secondary school zone boasts a decile rating of 4. This is a deceased estate, and the family is motivated to sell, presenting a golden chance to transform this property into your dream home.

With a stable capital value growth and a promising history of sales, this property is not just a home but an investment with immense potential. The absence of land covenants means you have the freedom to design and build without restrictions, making the most of the spacious section, mature fruit trees, and the prospect of outdoor entertainment or future expansions.

For families with school-going children, the property falls within the highly regarded school zone of Tuakau College, a secondary school with a decile rating of 4, ensuring quality education is within easy reach.

Updated on November 13, 2024