23 King Street, Ngaruawahia, Waikato

Located at 23 King Street, Ngaruawahia, Waikato, this residential property offers a unique blend of home and income potential. The property features a floor area of 80m2 and a substantial land area of 1031m2, all under freehold ownership. Constructed in 1952, the building boasts fibrous cement walls and an iron roof, both in average condition. The property is level, with 1 bathroom, 2 carparks, and is described as having undergone extensive renovations including a new kitchen, bathroom, roof, plumbing, electrical rewiring, recladding, foundation work, insulation, and more, making it almost new.

The capital value of the property has remained stable at $520,000 since 2017, with a HouGarden AVM of $500,000. However, its latest sale in August 2021 fetched $592,000, significantly higher than its previous sale price of $79,000 in 1997, indicating a strong market interest. The property's capital value increase percentage stands at 0.0%, reflecting its consistent valuation over time.

This property is not only a comfortable and modern living space but also strategically located 15 minutes from Hamilton, offering easy access to the expressway to Auckland and South. While it does not specify the number of bedrooms, it mentions a large main bedroom and two smaller rooms, suggesting flexibility for families, guests, or home office setups. The rental appraisal ranges from $570 to $600 per week, making it an attractive option for investors or those seeking their own home.

Updated on April 05, 2024.