Craig Terrace, Te Kuiti, Waitomo

Nestled on Craig Terrace, Te Kuiti, Waitomo, this residential property boasts a freehold title with a charming 1940s construction. It comprises two well-appointed 2-bedroom units, each with a distinct character and modern amenities, including a single carport and separate laundry facilities. The exterior features wooden walls and tiled roofing, both in average condition, sitting on a generous 823sqm plot with an easy-to-moderate contour. Each unit is currently tenanted, offering a stable rental income.

Since 2018, the capital value has shown a significant increase of 31.58%, from $190,000 to the current $250,000 as per the government's valuation. The HouGarden AVM estimates the property's worth at $240,000, while the latest sales in 2024 indicate a high market demand with a transaction price of $340,000. This presents a promising investment opportunity with a solid growth trajectory.

For families with children, the property falls within a desirable school zone. The local schools are known for their high decile ratings, ensuring access to quality education. This combination of investment potential and family-friendly location makes it a Double Act that's hard to miss!

Updated on May 02, 2024