18 Station Road, Paeroa, Hauraki

Nestled on a prime location of Station Road, Paeroa, Hauraki, this freehold property is a versatile gem, perfect for an extended family or a blend of home and business. Constructed in 1980 with mixed materials for the walls and iron for the roof, this dwelling boasts a floor area of 300 square meters on a levelled 546 square meter land. It features 5 bedrooms, with the main 3-bedroom, 1-bathroom home having all new flooring, a galley kitchen equipped with modern amenities, and wood burner heating. The additional self-contained 2-bedroom, 1-bathroom unit has served both as a business space and accommodation. The property has a capital value of $640,000 as of September 2021, showing no increase from the previous valuation in July 2021. The HouGarden AVM estimates the property at $612,500, while the latest sales were in 1997 for $105,000 and in 1993 for $92,400. This indicates a stable investment with potential for growth.

With a CV increase of 0.0% over the past two months, this property offers a secure investment with a consistent capital value. The well-maintained walls and roof are in good condition, ensuring low maintenance for the new owner. The property's contour is level, providing ease of use and further development opportunities.

For families with children, the school zone is a significant plus. The property falls within a highly-rated decile, ensuring access to quality education. This, coupled with the property’s versatile layout and potential for additional income, makes it an attractive package for those seeking a sound investment in both real estate and education.

Updated on April 26, 2024