59 Waipa Esplanade, Ngaruawahia, Waikato

Nestled in the serene cul-de-sac of Waipa Esplanade, this charming 2-bedroom, 1-bathroom residence with a studio room is a delightful package. Constructed in 1981 with a robust fibrous cement exterior and iron roof, both in good condition, this freehold property sits on a level 610sqm section. It boasts a single garage and an open carpark, alongside an in-ground swimming pool for the summer months. The property's capital value remains stable at $620,000 since 2023, with a HouGarden AVM of $485,000. Notably, the latest sale history shows a significant increase from $130,000 in 1998 to $510,000 in 2020, indicating a promising investment. Inside, the cozy fireplace and efficient heat pump ensure comfort throughout the seasons, while the views of the Hakarimata Ranges add a touch of natural beauty.

With a consistent capital value and a zero increase rate, this property offers financial stability. The recent sale prices reflect a growing market interest, with a 289% increase over two decades. The HouGarden AVM suggests a potential undervaluation, making it an attractive opportunity for buyers. This home is perfect for those seeking privacy, security, and a touch of luxury with its fenced backyard and entertainment-ready deck/patio area.

For families, the school zone is a significant plus. The property falls within a highly-rated decile, ensuring access to quality education. The convenient location near esteemed schools makes this property an ideal choice for those with children.

Updated on June 20, 2024