Nestled in the serene cul-de-sac of Campbell Street, this charming 4-bedroom, 1-carpark residence is built on a freehold title. Constructed in 1955 with fibrous cement walls and tiled roofing, the property sits on a level 569 sqm section with a floor area of 108 sqm. The home, with average wall and roof conditions, presents a prime opportunity for value addition. As of September 2021, the capital value has seen a remarkable increase to $680,000, up 52.8% from the 2018 valuation of $445,000. The HouGarden AVM estimates the property's worth at $632,500, while the latest sales history shows potential for growth, with a sale in 2011 at $140,000 and another in 2005 at $175,000.
For families, the property falls within the zones of Fraser High School (decile 4), Maeroa Intermediate (decile 3), and Frankton School (decile 3), offering a selection of quality educational institutions within walking distance. This property not only promises a sound investment with its rising capital value but also a chance to be part of a supportive community, close to amenities, public transport, and the Waikato Hospital.
With a well-executed renovation, this property holds the potential to significantly increase market value, providing a lucrative return on investment. It's a golden opportunity to modernize or transform, and to create a home that not only stands the test of time but also appreciates in value.
Updated on June 26, 2024