17 Porritt Street, Paeroa, Hauraki

Nestled on an elevated 809m2 section at 17 Porritt Street, Paeroa, Hauraki, this freehold residential property boasts a solid construction from 1940 with wood walls and tiled roofing. It features 3 bedrooms, 1 bathroom, and a floor area of 99m2. The property, with an average wall and roof condition, presents a prime opportunity for potential buyers. The capital value remains stable at $365,000 since July 2021, with a HouGarden AVM of $362,500, reflecting a potential investment haven. The latest sale history shows a significant increase from $100,000 in 2010 to $118,000 in 2014, indicating a promising growth trajectory.

With a CV increase of 0.0% and situated in a quiet cul-de-sac, this property is not only an ideal first home for buyers seeking an affordable entry into the housing market but also an attractive investment opportunity in Paeroa's thriving rental scene. The generous land size allows for future landscaping or extension plans, adding to its appeal.

For families with children, the school zone is a significant plus. The property falls within a highly rated decile, offering access to quality schools in the area, ensuring a sound investment in education as well.

Updated on November 12, 2024