Located in the serene South Waikato settlement of Tirau, the property at 7 Mahood Street presents a unique opportunity. This residential bare block spans an impressive 4046 square meters of level land, under freehold ownership. While specific details about the bedrooms and floor area remain unspecified, the property boasts one bathroom and no designated car parks. The construction details of the roof and walls are unknown, reflecting the property's potential for customization.
The capital value of this property has remained steady at $430,000 since July 1, 2018, with no increase observed by July 1, 2021. Despite this, the latest sale on February 12, 2024, was concluded at $395,000, a decrease from its previous sale price of $112,500 on September 26, 1997. The HouGarden AVM estimates the property's value at $422,500. This property's description highlights a significant reduction in price to $1,250,000 + GST (if any), emphasizing its potential as a once-in-a-lifetime opportunity, especially with its current use as a Toy Museum and Cafe, and the vast land bank opportunity it presents with an additional separate title to an adjacent vacant block of 4047m2.
In terms of education, the property falls within the zone for Tirau School, a contributing school with a decile rating of 4. This indicates a moderate level of socio-economic advantage in the area, making it a considerable option for families considering the educational opportunities for their children.
