20 Tawa Street, Te Kuiti, Waitomo

Nestled on a flat and accessible lot at 20 Tawa Street, Te Kuiti, Waitomo, this residential property boasts two dwellings. Constructed with wooden walls and an iron roof, this freehold property offers 5 bedrooms, 2 bathrooms, and 2 car parks, spread across a floor area of 182 square meters on a land area of 885 square meters. With an average condition for both walls and roof, the property sits on a contour with an easy to moderate fall. It's a perfect blend of comfort and potential, with a CV that has seen a 50% increase from $240,000 in 2018 to $360,000 in 2021, indicating a promising investment opportunity.

Valuations are further supported by the HouGarden AVM of $352,500 and a sales history that includes a latest sale in 2019 for $199,000, a significant jump from the previous sale in 2008 for $70,000. This property not only offers a substantial capital value growth but also the prospect of home and income with two long-term tenant-occupied homes, each rented at $380 and $340 per week.

For families, the property falls within a desirable school zone. With a focus on education, the nearby schools are known for their high decile ratings, ensuring a quality education for the children. Whether you're looking to invest, nest, or seeking a large family home, this property presents a compelling opportunity that should not be missed.

Updated on August 13, 2024