11 Primrose Street, Raglan, Waikato

Nestled at 11 Primrose Street, Raglan, this residential dwelling is a 3-bedroom, freehold property with a single carpark and a floor area of 139 square meters on a levelled 631 square meter land. Built in 2020, the house features wood walls in good condition and an iron roof, also in good condition. The property has seen no increase in its Capital Value (CV) since 2017, remaining at $760,000. However, the latest sales in 2020 and 2022 were $1,050,000 and $1,350,000 respectively, indicating a significant growth in market value. The HouGarden AVM estimates the property at $705,000. This home is perfect for work-from-home scenarios, boasting a modern office with a great water view. The interior design combines a rustic charm with modern amenities, including a sharp kitchen with a double oven and gas hobs. The open-plan living area with luxurious central heating flows onto a large deck, ideal for entertaining under the stars. Additionally, the property includes a private master bedroom with deck access and a stylish bathroom, plus a sizeable home office. It's zoned for Raglan Area School Y9-13, a composite school with a decile rating of 4.

Despite no change in CV, the property has shown a substantial market value increase, indicating a promising investment opportunity. The current owners have cleverly utilized a section of the house for Air BnB, generating income while maintaining privacy. The large parking area and a trendy storage container for beach toys are added perks of this property, which also features an orchard and raised garden beds, with potential for future development under the house.

With its prime location in a desirable school zone and a property that's been designed for comfort and entertainment, this is a rare find in Raglan. Don't miss out on this opportunity!

Updated on June 18, 2024