3/5 Hinerangi Street, Te Kuiti, Waitomo

This charming property located at 3/5 Hinerangi Street, Te Kuiti, Waitomo, offers a perfect blend of comfort and convenience, making it an ideal choice for first-time buyers or investors. Boasting 2 bedrooms, 1 bathroom, and a single carport, this home spans a floor area of 66 square meters. Constructed in 1960, the house features a durable brick exterior and an iron roof, both in good condition. The level property contour and cross-lease ownership type add to its appeal. Notable amenities include an extractor fan in the bathroom and kitchen, a nearly new roof, a new hot water cylinder and switchboard, and a heat pump for efficient heating. The property also benefits from ceiling and underfloor insulation and a moisture barrier, ensuring a comfortable living environment.

The property has seen a significant increase in capital value, from $140,000 in September 2018 to $240,000 in September 2021, marking a 71.43% growth. The latest HouGarden AVM estimates its value at $230,000. Its sale history reveals a steady appreciation, with the latest transaction at $214,000 on February 18, 2021, following a previous sale at $169,250 on June 6, 2019. The price guide for this property is $245,000, highlighting its potential as a lucrative investment.

Located in a desirable area, this property is conveniently close to shops and schools, offering an excellent lifestyle for residents. The property's strategic location and its proximity to essential amenities underscore its attractiveness to potential buyers seeking both comfort and convenience.

Updated on April 05, 2024.