16 Smith Street, Waihi, Hauraki

Nestled at 16 Smith Street, Waihi, Hauraki, this charming 1910-built cottage on a freehold title boasts 3 bedrooms, 1 bathroom, and an open-plan kitchen and dining area. With a floor area of 79 square meters and a vast land area of 810 square meters, it sits on a level contour with average-condition fibrous cement walls and iron roofing. The property, with a CV of $490,000 as of September 2021, has seen no increase in the past two quarters but holds a HouGarden AVM of $495,000. The latest sale history includes a transaction in 2024 for $472,000, a significant jump from the 1995 sale price of $62,000.

From an investment perspective, the property's potential is further enhanced by its location in a decile 3 school zone, with Waihi East School nearby. It's a perfect opportunity for first-time homebuyers or investors looking for a project with character and growth prospects. The property offers additional amenities such as a stand-alone garage with workshop space and a bonus room at the rear, ideal for a sleepout or storage. Given the right attention and care, this property is set to unlock its full potential, especially with the possibility of subdivision on the generous, half-fenced section.

With its proximity to New Zealand's best beaches, the Hauraki Rail Trail, and the Coromandel Peninsula, this home is not just a purchase; it's an investment in a lifestyle.

Updated on September 11, 2024