Nestled on a generous 2,026sqm freehold section in a quiet cul-de-sac, this versatile property at 45 Gibson Road, Tuakau, Waikato, boasts 4 bedrooms, 1 bathroom, and 4 carparks. Constructed in 1960 with brick walls and an iron roof, both in average condition, this home and income opportunity has a floor area of 220sqm and is on an easy to moderate contour. The property's government valuation (CV) has remained stable at $920,000 since 2023, with a 0.0% increase. HouGarden AVM estimates the property's value at $912,500, while the latest sales were recorded at $920,000 in 2024 and $693,000 in 2016.
With rental income potential and development prospects, this property offers a main house with 3 double bedrooms, a separate toilet, and a spacious, sunny lounge, currently appraised at $400 - $430pw. Additionally, there's a 1-bedroom self-contained flat with its own entrance, kitchenette, and lounge, appraised at $280pw. Ample garaging includes an attached double carport and a detached double garage with a carport and a lockable garden shed.
For families, the property falls within the Tuakau College zone, a secondary school with a decile rating of 4. This is an amazing investment opportunity that should not be missed.
Updated on November 07, 2024