96 Fraser Road, Pokeno, Waikato

Nestled in the serene Fraser Road, this 5.87 hectare (14.5 acre) vacant lifestyle property in Pokeno, Waikato, holds a freehold title. The property, with unknown roof and wall construction, presents a level contour and is currently undergoing rezoning as part of the Proposed Waikato District Plan. It is strategically located near the town center, in the golden triangle between Auckland, Tauranga, and Hamilton, with easy access to SH1 and SH2. Despite the unknown condition of the walls and roof, the land's potential is undeniable, especially with the rapid development of Pokeno and its identification as a key growth area by the Waikato Council.

With a government capital value of $3,000,000, showing no increase since July 2023, and a HouGarden AVM of $2,925,000, the property's latest sale history includes a transaction of $3,290,000 in July 2024, indicating a stable investment opportunity. The zero increase in CV over the period may be a reflection of the ongoing rezoning process, which promises future growth prospects.

For families, the property falls within the zones of both Tuakau College (Secondary, Decile 4) and Pokeno School (Full Primary, Decile 4), ensuring quality education options. Given the housing shortage in New Zealand and the projected growth of Pokeno to approximately 6,300 dwellings, this land is not just a purchase; it's a strategic investment in a thriving future.

Updated on August 21, 2024