5 Menzies Place, Paeroa, Hauraki

Nestled in the tranquility of a quiet cul-de-sac at 5 Menzies Place, Paeroa, Hauraki, this charming 3-bedroom, 1-bathroom Lockwood residence is a freehold property built in 1978. The home boasts an aluminium exterior and an iron roof, both in average condition, complemented by a levelled property contour. With a floor area of 92 square meters and a land area of 793 square meters, it includes a modern kitchen, an open-plan dining and living area with a freestanding wood burner and heat pump, a family-friendly bathroom, and a covered side deck for year-round entertainment. The property also features off-street parking for 2 cars, a fenced rear yard, and is in close proximity to town, local schools, and sports venues.

From a financial perspective, the property has a current Capital Value (CV) of $560,000, unchanged from the previous quarter. However, the HouGarden AVM estimates the property at $562,500, reflecting a potential growth opportunity. Notably, the property's CV has seen a consistent increase over the years, with the latest sales in 2020 and 2006 at $439,000 and $196,000 respectively, indicating a significant capital gain for investors.

For families with children, the property falls within a desirable school zone. With a focus on education, the local schools have a positive decile rating, ensuring a quality education for your children. This property is not only an ideal choice for first home buyers and families but also presents a lucrative opportunity for property investors.

Updated on September 03, 2024