3a Geraghtys Road, Tuakau, Waikato

Nestled in the tranquility of a quiet cul-de-sac at 3a Geraghtys Road, Tuakau, Waikato, this residential vacant lot boasts a freehold title. With an expansive land area of 317 sqm, it presents a leveled property contour, making it an ideal canvas for builders and developers to embark on their next project. While the specifics of the wall and roof construction remain unknown, the availability of essential services adds to the site's appeal. This property is not just land; it's a potential investment opportunity waiting to be seized.

History has shown promising growth, with the latest sale recorded at $357,000 in 2016, a significant increase from the previous sale of $235,500 in 2013. The HouGarden AVM estimates the property's value at $495,000, and although the government's capital value has seen a recent adjustment, dropping to $280,000 as of October 1, 2023, from $500,000 in July 1, 2023, the potential for growth remains. With a CV decrease of 44%, this could be a strategic purchase for the discerning buyer.

For families, the property falls within the catchment area of Tuakau College, a secondary school with a decile rating of 4. The local primary school is also within walking distance, making this an attractive prospect for those with educational considerations. Conveniently located near public transport and shops, this section is not just a plot of land; it's a golden opportunity in the making.

Updated on November 18, 2024