3 King Street, Ngaruawahia, Waikato

Nestled in the tranquility of a quiet cul-de-sac at 3 King Street, Ngaruawahia, Waikato, this 1959-built residential dwelling sits on a freehold title. The property boasts 3 bedrooms, 2 carparks, and a floor area of 122 square meters, all set on a level plot of 1031 square meters. Constructed with wood walls and an iron roof, both in average condition, this home offers potential for renovation and growth. The current government valuation (CV) stands at $490,000, unchanged from the previous year, with a HouGarden AVM estimate of $470,000, hinting at a 6% yield return post-renovation.

With a stable capital value and no increase over the last year, this property presents a solid investment opportunity. The recent sales history and AVM reflect a realistic market worth, making it an attractive prospect for investors or homeowners looking to add value.

For families, the property falls within a desirable school zone, with quality educational institutions nearby. The location, just a 10-minute commute to Te Rapa and a 45-minute drive to Auckland, adds to the appeal, offering both convenience and potential for capital appreciation.

Updated on October 21, 2024