20 Fraser Street, Paeroa, Hauraki

Step into a charming vintage residence that blends elegance and modern comfort on Fraser Street, Paeroa, Hauraki. This freehold property, built in 1910, boasts 3 bedrooms, a modern kitchen, an open-plan living area, and a spacious bathroom with separate amenities. The exterior is characterized by its wooden walls and iron roof, both in average condition, sitting on a steeply rising section of approximately 513m2. The property's government valuation (CV) has remained stable at $420,000 since September 2021, with no increase recorded. HouGarden's AVM estimates the property's value at $392,500, while the latest sale was in 1996 for $60,000, indicating significant capital value growth potential. Could this 'Vintage Character Cutie' be your next investment?

Examining the property's valuation history, the capital value growth percentage has been minimal, yet the consistency in CV since mid-2021 suggests a stable investment. The HouGarden AVM provides a more conservative estimate, which could present a buying opportunity in this sought-after cul-de-sac. The last sale price of $60,000, almost three decades ago, underscores the property's untapped market potential.

For families with children, the property falls within a desirable school zone. The local schools are known for their high decile ratings, ensuring quality education for your little ones. This combination of character, potential, and a family-friendly location makes this property an attractive proposition for both investors and homeowners.

Updated on May 13, 2024