Nestled in the tranquility of rural Paeroa, at 11 Morrison Road, lies this expansive family home on a freehold property. Constructed in 1970 with wood walls and an iron roof in good condition, the residence offers 5 generous double bedrooms, 2 well-appointed bathrooms, and a carpark for 2 vehicles. Spreading across 164m2 of floor area and a vast 21,136m2 of land, this property invites comfort and potential. The capital value remains stable at $975,000 since September 2021, with a zero increase percentage. The HouGarden AVM estimates the property at $940,000, while the latest sale in 2018 was for $640,000, indicating a significant appreciation in value.
With a CV of $975,000, this property presents a promising investment. The open plan kitchen, dining, and lounge with a wood burner offer cozy evenings, complemented by a large rumpus room and a 180m2 shed with concrete floor and power. The property enjoys a level contour, easy-care cladding, and a large deck with a spa pool for entertainment. It's not just a home but a lifestyle, with proximity to Hikutaia School, a full primary with a decile rating of 5, and easy access to major cities and recreational spots.
Embrace the serenity of country living while being part of a sought-after school zone. This property is perfect for those seeking space, convenience, and the opportunity to create their dream home in a picturesque setting.
Updated on October 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 1.53 km | 3 | 2 | 174m2 | 2024 11 08 | $790,000 | Council approved | |
0.53 km | 5 | 190m2 | 2024 10 18 | $565,000 | Council approved | |||
 | 1.50 km | 3 | 1 | 85m2 | 2024 10 10 | $563,000 | Council approved | |
0.94 km | 1 | 0m2 | 2024 09 10 | $785,000 | Council approved | |||
1.79 km | 3 | 1 | 98m2 | 2024 08 04 | $600,000 | Council approved |