5 Miro Place, Putaruru, South Waikato

Nestled in the tranquility of a quiet cul-de-sac at 5 Miro Place, Putaruru, South Waikato, this freehold property boasts a capital value of $535,000 as of July 2021. Constructed in 1990 with fibrous cement walls and iron roofing in good condition, it encompasses two recently renovated, 2-bedroom homes under one title. Each home is fully insulated and equipped with a heat pump for year-round comfort. Spanning a floor area of 173 square meters and a land area of 720 square meters, this property presents a versatile opportunity for investors, first-time buyers, or those seeking financial consolidation. The property's HouGarden AVM stands at $530,000, with a CV that has remained stable since 2018, indicating a 0.0% increase. Notably, the latest sales were recorded at $243,000 in 2016 and $225,000 in 2007.

From an investment perspective, the potential is immense. Rent out both homes or live in one while generating passive income from the other. The front house, a charming Lockwood, features new carpets and a country-style kitchen, complemented by large entertainment decks. The rear house is a two-story A-Frame with an open-plan living area, a built-in office nook, and an L-shaped deck that enhances the indoor-outdoor flow. Upstairs, a spacious room can serve as a master bedroom or a family room. Fully fenced, the property is child and pet-friendly.

For families with educational considerations, this property falls within a desirable school zone. The local schools are well-rated, ensuring access to quality education. This property is not just a home; it's a potential goldmine. Act swiftly to secure this dual-income opportunity.

Updated on November 11, 2024