7 Edinburgh Street, Tuakau, Waikato

Nestled on a sprawling 1012sqm section in the heart of Tuakau, this charming FREEHOLD property boasts a capital value that has remained stable over the years, with a CV of $500,000 since 2017. The residence, built in 1953, features 3 bedrooms, 1 bathroom, and 2 car parks, with a warm and inviting floor area of 76sqm. The exterior walls are constructed of wood, and the roof is tiled, both in average condition. This property is perfect for those seeking a large section or for the savvy investor looking for a golden opportunity. The main home offers an open-plan kitchen/dining and living area, complemented by a heat pump for year-round comfort. A private deck wraps around three sides, providing access to the serene backyard, ideal for classic Kiwi BBQ evenings. Additionally, there's a sleepout behind the main home, suitable for extended family or a teenager’s retreat, complete with its own living/kitchenette area and bathroom. The former garage, now a games room, adds further potential. Within the highly regarded Tuakau Primary and Tuakau College zones, this property is a prime portfolio starter. The local school bus route includes Harrisville School, Eden Christian Academy, and Onewhero Area Schools. With easy motorway access and a HouGarden AVM of $480,000, this property is a development potential package not to be missed.

Since the last sale in 2002 for $122,200, the capital value has seen a steady growth, currently at a 0.0% increase rate. This centrally located property is a gem for any investor looking to see their returns grow in a rapidly appreciating market.

For families, the property is zoned for Tuakau College, a Secondary school with a decile rating of 4, ensuring quality education within walking distance. With a childcare center around the corner and excellent connectivity to cities north and south, this property offers both convenience and potential.

Updated on April 18, 2024