8 Cadman Street, Waikino, Hauraki

Nestled in the picturesque Waikino, within the serene Karangahake Gorge, lies a promising investment opportunity. This 809m2 vacant section, with freehold title, offers the potential for diverse endeavors. The property boasts an unknown roof and wall construction, reflecting a mysterious allure that invites exploration. With a level contour and a tranquil environment, it's perfect for building your dream home or even tourist cabins. The section is part of a trio, including two other lots that may also be up for grabs, totaling a substantial 2276m2. Historically, the government's capital value has remained stable at $310,000 since September 2021, with no increase. However, the HouGarden AVM estimates a value of $285,000, and the latest sale on October 29, 2024, was at $280,000. For families, the nearby Karangahake School, a full primary with a decile rating of 3, provides a solid educational foundation.

Financially, the property has seen a CV increase of 0.0%, indicating a stable investment. The quiet cul-de-sac location, away from the hustle and bustle, adds to the property's charm. Nature enthusiasts will appreciate the proximity to farmland, the river, and the abundance of fruit trees on the property, including apples, pears, grapes, and figs. Whether you seek a peaceful retreat or a base for outdoor activities, this property is a golden opportunity waiting to be seized.

When it comes to education, this property falls within a desirable school zone. Karangahake School, catering to Year 7-8 students, is a full primary with a decile rating of 3. The school's rating reflects a good standard of education, making it an attractive prospect for families with children. Invest in this slice of paradise and embrace the benefits of a thriving tourist area, with potential for growth and numerous possibilities.

Updated on December 11, 2024