1507 Tauwhare Road, Eureka, Waikato

Nestled amidst a picturesque setting of mature oak trees, the property at 1507 Tauwhare Road, Eureka, Waikato, offers a serene lifestyle opportunity. This lifestyle-improved property features a two-storey Lockwood home built in 1972 with wood walls in good condition and an iron roof also in good condition. The home spans 140 square meters over a vast 4.68 hectares of level land, providing ample space for grazing sheep or cattle. It includes 4 bedrooms, a number of bathrooms not specified, 2 carparks, and boasts almost 400m of road boundaries. The property is under freehold ownership, offering a solid foundation for those looking to create their ideal rural sanctuary. While some areas may require refurbishment, the property's layout and vast outdoor expanse present limitless possibilities.

The government's capital value of the property has remained steady at $930,000 since 2017, with a HouGarden AVM estimate at $887,500. However, it recently sold for $1,230,000 on December 14, 2023, indicating a significant interest and perceived value beyond its assessed figures. This suggests a stable yet potentially undervalued investment opportunity, with room for capital value increase given the right enhancements.

Located within excellent school zones, the property provides access to a range of educational institutions including Puketaha School (decile 7), Tauwhare School (decile 9), Morrinsville College (decile 6), Morrinsville Intermediate School (decile 5), Hillcrest High School (decile 7), and Berkley Normal Middle School (decile 8). This variety offers great options for families looking for quality education in a rural setting.

Updated on April 06, 2024.