19 Porritt Avenue, Huntly, Waikato

This charming residence located at 19 Porritt Avenue, Huntly, Waikato, is a testament to the enduring quality of 1970s construction. Nestled on a generous 703m2 freehold section, this brick and tile home boasts 3 bedrooms, a spacious separate lounge, open plan kitchen/dining area leading out to a large deck, separate laundry, family bathroom, and a separate toilet. The property is enhanced with neutral decor, updated carpet, ceiling and underfloor insulation, and 2 heat pumps, ensuring a comfortable and functional family living space. The easy/moderate rise contour of the land, combined with its proximity to the river, greenbelt, and Lake Puketirini, adds to the property's appeal. A single garage and garden shed provide ample storage for tools and vehicles, while the fully fenced yard ensures security for children and pets.

Despite its solid foundation, the capital value (CV) of the property has remained steady at $405,000 since 2017, with no increase observed. However, the market tells a different story, with the latest sale fetching $600,000 in February 2024, up from $590,000 in August 2021. This indicates a strong market interest and potential for capital growth. The HouGarden AVM estimates the property's value at $387,500, suggesting room for appreciation. Currently tenanted at $400 per week, with an upcoming rental increase to $430 per week in June 2021, this property presents an attractive opportunity for investors.

Located within a desirable school zone, this property offers access to quality education, making it an ideal choice for families. The area's schools are well-regarded, contributing to the property's overall appeal to both first-time buyers and seasoned investors. With its combination of location, functionality, and investment potential, this property is poised to be a wise choice for anyone looking to enter the property market or expand their portfolio.

Updated on April 04, 2024.