47 Durham Street, Ngaruawahia, Waikato

This delightful 1950s residence at 47 Durham Street, Ngaruawahia, offers a charming 2-bedroom, 1-bathroom layout on a freehold title. Constructed with wooden walls and an iron roof, this property maintains an average condition, reflecting the era's classic style while providing modern comforts like a heat pump and a modern gas fireplace. With a floor area of 72 square meters and a land area of 809 square meters, it includes a single garage and is situated in a level contour, making it an ideal investment for first-time buyers or investors. The property's capital value has remained stable since 2017, with a CV of $435,000, and it presents a unique opportunity to own a piece of local history.

Since the last sale in 1992, the property has appreciated significantly, with the latest HouGarden AVM estimating its value at $407,500. The CV has seen no increase, yet the potential for growth is evident, especially considering the property's prime location and the increasing demand for homes in the area. The last recorded sale price was $67,500, showcasing a substantial rise in value over the years.

For families with children, the property falls within a desirable school zone, with several well-rated institutions nearby. This quiet cul-de-sac offers a peaceful environment, perfect for raising a family and enjoying the benefits of a thriving community.

Updated on June 14, 2024