40 Neal Street, Putaruru, South Waikato

Nestled in the tranquility of 40 Neal Street, Putaruru, South Waikato, this residential property offers unparalleled flexibility with two dwellings on a freehold title. Constructed with iron roofing and wooden walls, the 130sqm floor area is complemented by a sprawling 811sqm level land. The property boasts 5 bedrooms and 1 bathroom, providing ample space for a growing family or an investor seeking a passive income opportunity. The healthy homes are tenanted, allowing for immediate returns on investment should the new owner choose to retain the tenants. With a CV of $515,000 as of July 2021, unchanged from 2018, and a HouGarden AVM of $470,000, this property presents a sound investment. Notably, the latest sales were in 2006 for $195,000 and 2005 for $158,000, indicating a potential for capital growth.

From a valuation perspective, the property has seen no increase in its capital value over the past three years. However, the potential for growth is supported by the historical sales data and the current AVM. This is a property where the opportunity knocks loud – it's not just a home, but a stepping stone to financial stability or a source of retirement income. Whether you choose to live in one and rent out the other, or use it as a multi-generational living solution, the possibilities are endless.

For families with school-aged children, the property falls within a desirable school zone. With top-notch educational institutions in close proximity, this address ensures access to quality education. It's not just a house; it's a foundation for a bright future.

Updated on December 05, 2024