21 Fairmont Street, Ngaruawahia, Waikato

Positioned in the serene cul-de-sac of Fairmont Street, Ngaruawahia, Waikato, this 1976-built residential dwelling boasts a freehold title. The 3-bedroom, 1-bathroom, and single-car park home is constructed with concrete walls and an iron roof, both in average condition. Spanning a floor area of 95 square meters on a levelled 674 square meter section, it presents a blank canvas for potential gardens or a children's play area. Currently valued at $520,000 by the government, with a HouGarden AVM of $505,000, this property's capital value has remained stable with a 0.0% increase since the previous assessment. Notably, the property was last sold in 1998 for $80,000, showcasing a significant appreciation over the years.

Since its last sale, the property has seen no significant increase in its capital value, maintaining a consistent growth trajectory. The latest government valuation reflects a stable property market in the area, while the HouGarden AVM provides a more conservative estimate. The property's history of sale indicates a sound investment opportunity, with a substantial capital gain over two decades.

For families with children, the property falls within a desirable school zone. Close to both primary and secondary schools, including highly rated institutions, this home offers convenience and quality education. The nearby sports park adds to the appeal, providing ample space for outdoor activities and a healthy lifestyle.

Updated on July 26, 2024