1 Lunn Street, Arapuni, South Waikato

Embrace the allure of this enchanting 2-bedroom, 1-bathroom residence with a generous 86m2 floor area, set upon a serene 767m2 freehold section in the picturesque Arapuni village. Constructed in the 1930s with wood walls and an iron roof, this home offers a slice of history with an average condition that holds immense potential. With a CV of $440,000 as of July 2021, unchanged from its 2018 valuation, this property presents a stable investment with a 0.0% CV increase. Notably, the HouGarden AVM estimates a value of $412,500, while the latest sale was recorded in 1995 at $39,000, indicating a significant capital growth trajectory. Park your cars in the 2-car garage and let the charm of this property’s quiet cul-de-sac street embrace you.

Reflecting a consistent government valuation, this property’s financial history is as solid as its Iron roof. The HouGarden AVM adds a contemporary layer to its worth, hinting at a possible undervaluation. The 1995 sale price is a stark contrast to today’s figures, showcasing a remarkable journey of appreciation over the years.

For families with educational pursuits, this property falls within a highly regarded school zone. With top-notch schools and a decile rating that reflects quality education, it’s an ideal setting for children to grow and learn.

Updated on June 14, 2024