Craig Terrace, Te Kuiti, Waitomo

Nestled in the serene Craig Terrace of Te Kuiti, Waitomo, this residential property boasts two well-appointed 2-bedroom units on a freehold land of 1070 square meters. Constructed in 1940 with wood walls and tiled roofs, these units offer an average condition with an easy/moderate contour. Each unit is complete with a separate laundry and carport, fenced for privacy, and has undergone meth testing. Currently rented at $160.00pw and $140.00pw, these units present a golden opportunity for investors. The property has a government valuation of $235,000 as of September 2021, showing a significant increase of 67.86% from its $140,000 valuation in September 2018. The latest sales history includes transactions of $335,000 on October 20, 2024, and $285,999 on October 3, 2024, reflecting a robust market trend.

With a HouGarden AVM of $235,000, this property is not only a secure investment but also holds potential for further capital growth. The units are perfect for those looking to enter the property market or for DIY enthusiasts seeking a project, especially Unit 21 which is in need of some tender loving care.

Located in a desirable school zone, the property benefits from a favorable decile rating and proximity to esteemed educational institutions, ensuring a quality education for the family.

Updated on November 20, 2024