Nestled in the serene Waikino Village, 8 Banks Lane presents a charming 1900's Villa on a freehold section. This 91sqm home with a land area of 817sqm boasts 3 bedrooms, 1 bathroom, and is adorned with classic wooden exterior walls and an iron roof. The property, with an average condition for both walls and roof, is set on a contour with an easy to moderate fall. An open-plan kitchen, dining, and living area with a closed wood burner completes the picture of this residential dwelling, offering a unique opportunity for the buyer who appreciates the rewards of a well-loved home that requires some TLC.
Since the latest sale in 2024, the property has seen a CV of $530,000, unchanged from the previous year, while the HouGarden AVM estimates it at $535,000. Notably, the capital value growth percentage is 0.0%, yet the latest sale price of $700,000 indicates potential for investors. The previous sale in 2021 was at $480,000, showcasing a significant increase in market value.
For families with school-aged children, the property falls within the Karangahake School zone, a full primary school with a decile rating of 3. This quiet cul-de-sac is an ideal location for those seeking a peaceful environment while being part of a community with a quality educational institution.
Updated on September 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.79 km | 3 | 1 | -m2 | 2024 12 01 | - | Council approved | |
0.81 km | 0m2 | 2024 11 08 | $430,000 | Council approved | ||||
 | 0.58 km | 4 | 2 | 209m2 | 2024 11 07 | - | Council approved | |
 | 0.79 km | 0m2 | 2024 10 29 | $280,000 | Council approved | |||
 | 1.85 km | 6 | 1 | 284m2 | 2024 10 08 | $1,950,000 | Council approved |