36a Havelock Road, Ngaruawahia, Waikato

Nestled in the charming town of Ngaruawahia, this 77sqm, 2-bedroom, 1-bathroom residence with a double carpark is a perfect starter or investment opportunity. Constructed predominantly of wood and iron, the 1950-built home sits on a 1/2 share of 1244sqm in a level contour. The property, with a fair wall condition and average roof, boasts a heat pump for year-round comfort. It's a cross-lease with a double garage and additional room, currently valued at $415,000 with no change in the capital value since the previous assessment. The latest sales history shows a significant increase from $140,000 in 2013 to $249,000 in 2016. HouGarden AVM estimates the property at $417,500, making it an attractive prospect with a 0.0% CV increase.

From a valuation perspective, the property has maintained a stable growth trajectory. The government's assessment reflects a consistent capital value, while the HouGarden AVM suggests a slightly higher market worth. The recent sales figures indicate a promising investment with a notable appreciation in value.

For families, the property falls within a desirable school zone. Ngaruawahia's educational facilities are well-regarded, offering a quality education for children. This, combined with the town's proximity to the Hakarimata Ranges and convenient access to motorways, makes it an exceptional buy.

Updated on September 06, 2024