16 Somerset Street, Waihi, Hauraki

Nestled in the tranquility of a quiet cul-de-sac at 16 Somerset Street, Waihi, Hauraki, this 1910-built residence boasts a freehold title on a sprawling 2150sqm section. The 3-bedroom home, with its mixed-material walls and iron roof, exudes a charming vintage appeal. Inside, you'll find original features, high ceilings, and wooden accents that add warmth and character. The property's capital value remains stable at $730,000 since September 2021, with a CV increase of 0.0%. The HouGarden AVM estimates the property's worth at $700,000, while the latest sale was recorded in 1995 for $140,000. For those seeking comfort, the home is equipped with a fireplace for cozy winters and air conditioning for summer days. Enjoy the sun on the decks and balconies that overlook the expansive backyard, complete with dog kennels/sheds. The Waihi East School, a contributing primary with a decile rating of 3, is in the zone. This property is a gem waiting to be polished, offering potential for expansion or landscaping, perhaps even adding a pool.

With a solid government valuation and a history of slow and steady growth, this property presents a secure investment. The unchanged capital value reflects the property's maintained condition, while the AVM provides a realistic market estimate. The 1995 sale price illustrates the long-term value appreciation potential.

For families with children, the property falls within the Waihi East School zone, known for its contributing status and a decile rating that signifies a good standard of education. This home is not just a dwelling but a foundation for a vibrant life.

Updated on October 29, 2024