1a Divers Road, Horotiu, Waikato

Welcome to 1A Divers Road, a charming residence nestled in a peaceful cul-de-sac of Horotiu, Waikato. This freehold property, built in 1940, features 3 bedrooms, 1 bathroom, and a single car park, all set on a floor area of 69 square meters. The exterior boasts wood walls and a fibrous cement roof, both in poor condition, while the land is level, offering a vast potential for development on its 2438 square meters. Here is an opportunity to invest in a property where the capital value has remained stable at $590,000, with no increase over the observed period, yet it presents a significant growth prospect given the latest sale history and the HouGarden AVM of $572,500. The property's highlight is undoubtedly its land, a blank canvas on which to realize your dreams.

Over the years, the property has seen a consistent government valuation, with the latest figures reflecting a static capital value. However, the recent sale history tells a story of growth, with a sale in 2019 at $450,000, a substantial increase from the $250,000 sale in 2015. This indicates a 26% growth in capital value over four years. The HouGarden AVM further supports the investment potential of this property, making it an attractive prospect for the discerning buyer.

For families with children, the property falls within the Horotiu School zone, a full primary school with a decile rating of 3. This quiet neighborhood is an ideal place to raise a family, with a strong sense of community and access to quality education. Secure your future with this prime real estate, where the potential for both capital gains and a quality lifestyle await.

Updated on August 02, 2024