18 King Street, Ngaruawahia, Waikato

Nestled at 18 King Street, Ngaruawahia, Waikato, this charming residential dwelling on a freehold title offers more than meets the eye. Built in 1950 with fibrous cement walls and an iron roof, this 3-bedroom, 1-bathroom home boasts a floor area of 125m2 and is set on a level 1032m2 section. The property features a warm and inviting living space complemented by a heat pump and a monitored alarm system for comfort and security. The oversized bathroom includes a spa bath for a luxurious escape, while the romantic black damask wallpaper adds a touch of elegance. With a potential CV of $540,000, no increase since 2017, and a HouGarden AVM of $500,000, this home represents a budget-friendly opportunity. The property's latest sale was in 1990 for $60,000, indicating a possible untapped value. The large backyard, enclosed deck, and a deep 6.9-meter double car garage provide both space and convenience. Not to mention, the property is in a desirable school zone with excellent educational facilities.

Since the last valuation in 2017, the capital value has remained stable, offering a secure investment with potential for growth. The property's HouGarden AVM reflects a slightly lower estimate, suggesting room for appreciation. With a zero percent CV increase over three years, this property presents a steady investment in a rapidly growing market.

For families, the property falls within a highly rated school zone. The nearby schools are known for their quality education and high decile ratings, ensuring a bright future for your children. This 'Blue Beauty' on a quiet cul-de-sac street is a perfect blend of affordability and potential, waiting to be transformed into your dream home.

Updated on June 10, 2024