Nestled on a spacious 1257sqm lot at 569 Te Akau Wharf Road, Te Akau, Waikato, this unique residential property boasts a main dwelling with two bedrooms, a study nook, and a mezzanine level, complemented by a separate one-bedroom cabin. Built in 1992 with iron roofing and wooden exterior walls, this freehold property is set up for off-grid living with a water tank, pump, and gas hot water cylinder. The Kent style fireplace with wetback provides warmth during the winter, while the property's contour remains level. The capital value (CV) has maintained at $500,000 since 2023, with a CV increase speed of 0.0%. The HouGarden AVM estimates the property at $325,000, and the latest sale was recorded at $420,000 in 2024, showing a significant improvement from the $35,000 sale in 1992. The Raglan Area School Y9-13, a composite school with a decile rating of 4, is in the vicinity. This property, with its potential for DIY enthusiasts and creatives, is a golden opportunity not to be missed.
With a quiet and serene environment at the end of a cul-de-sac, this property offers a peaceful retreat. The functional long drop toilet and the community reserve with quick access to water activities like dipping, kayaking, or boating add to the allure. Just a 10-minute boat ride or a 45-minute drive to Raglan, this property is a surplus to the owners and is open to serious offers. Now is the chance to secure your future legacy.
Educationally, the property falls within a school zone that includes the well-regarded Raglan Area School. The school's composite nature and decile rating of 4 ensure a quality education for the family. This property is not just a home; it's an investment in a lifestyle and education.
Updated on June 19, 2024