16 Eureka Road, Eureka, Waikato

Nestled in the serene Eureka, Waikato, on 16 Eureka Road, this freehold property is a gem for investors and families alike. Constructed in 1950 with wood walls and an iron roof, the home boasts 5 bedrooms and 1 bathroom, spread across a comfortable floor area of 90 square meters. The 5.14 hectare plot is level, and the property includes not one, but two dwellings – a 3-bedroom and a 1-2 bedroom home, making it an ideal investment or an extended family setup. The capital value remains stable at $1,415,000 since 2023, with a HouGarden AVM of $1,422,500, and despite a 0% CV increase, the latest sale history shows a potential for growth with a sale in 2024 at $1,600,000 and another in 2022 at $1,700,000. The property is situated in a prime school zone, with Puketaha School, Newstead Model School, Tauwhare School, Marian Catholic School, Hillcrest High School, and Berkley Normal Middle School all within reach, boasting high decile ratings and a variety of educational options.

With a property contour that's easy to manage, and additional features like cattleyards and shedding, this property presents an exciting opportunity for those seeking a lifestyle that combines convenience with the tranquility of a quiet cul-de-sac.

For families with school-aged children, the property falls within a highly rated school network. Puketaha School is a Full Primary with a decile rating of 7, while Newstead Model School is a Contributing school with a perfect 10 decile rating. Tauwhare School also Contributing, is rated 9. For secondary education, Hillcrest High School offers a Secondary education with a decile rating of 7, and Berkley Normal Middle School provides a Restricted Composite education with a decile rating of 8. The educational opportunities are vast and varied, making this property an even more attractive prospect.

Updated on September 11, 2024