27a Whaanga Road, Raglan, Waikato

Located at 27a Whaanga Road, Raglan, Waikato, this unique property offers a blank canvas in the world-famous surfing mecca of Whale Bay. The vacant residential section spans 1252m2 and is characterized by its steep fall contour. With unknown details regarding its roof and wall construction, and no existing bedrooms, bathrooms, or floor area, the property includes a small cabin that could serve as a temporary sleepout. Ownership is freehold, ensuring no covenants to limit your architectural dreams, making it perfect for anything from a grand design project to a simple cabin addition.

The property's capital value has remained steady at $670,000 since July 2017, with no increase observed by October 2020. Despite this, the HouGarden AVM estimates its value at $655,000. The latest sale records show a purchase at $425,000 in February 2024, following a previous sale at $390,000 in September 2018. This indicates a vibrant market activity and the potential for value appreciation. The property's unique position below the majestic Mt Karioi and its proximity to the waves make it a potential paradise, offering peace, privacy, and an enriched birdlife melody.

Education-wise, the property falls within the zone for Raglan Area School Y9-13, a composite school with a decile rating of 4. This location ensures access to quality education, making it an ideal spot for families or those planning to build a dream home in a serene and desirable location. With the market still recovering, now is an opportune time to invest in this rare piece of Whale Bay.