6 Barakat Place, Ngaruawahia, Waikato

Nestled in the tranquility of a quiet cul-de-sac at 6 Barakat Place, Ngaruawahia, Waikato, this 1940-built, freehold property offers a promising investment opportunity. The three-bedroom, one-bathroom dwelling with a single carpark spans an area of 87 square meters on a generous 683 square meter section. Constructed with fibrous cement walls and tiled roofing, this home boasts an average condition both inside and out, sitting on a contour with an easy/moderate rise. It's a perfect 'Doer Upper' for first-time buyers or young families seeking a project to transform into a cozy family home or a lucrative flip.

With a consistent Capital Value (CV) of $520,000 since 2023, and a HouGarden AVM of $500,000, this property's latest sale history shows a significant increase from $15,000 in 1991 to $450,000 in 2024. Despite a current CV increase of 0.0%, the potential for growth is undeniable, making it an urgent sale not to be missed.

For families with children, the property falls within a desirable school zone. With excellent educational facilities and a positive decile rating, this address ensures access to quality schooling, adding further value to this attractive property package.

Updated on October 09, 2024