Located in the serene neighborhood of 7 Brenan Street, Paeroa, Hauraki, this 1960's weatherboard home is a gem for first home buyers or investors. With 3 bedrooms, 1 bathroom, and no carpark, this property spans a floor area of 100m2 and sits on a 582m2 section. It boasts a freehold ownership type, ensuring complete control over the land. The house is constructed with wood walls and an iron roof, both in good condition, dating back to 1964. The property's contour is described as easy/moderate fall, indicating a gentle slope that could offer unique landscaping opportunities.
The capital value of the property has remained stable at $500,000 as of September 2021, with no increase from July 2021. Despite this, the latest sale data shows a significant transaction at $550,000 on January 15, 2024, marking a considerable appreciation from its previous sale at $378,000 on March 1, 2019. The HouGarden AVM estimates the property's value at $490,000, slightly below the capital value. A toxicology report available for the property recommends remedial work before habitation, highlighting the potential for improvement and value addition.
This property does not specifically mention school zoning or decile ratings, which are crucial for families considering educational opportunities. However, its location near Paeroa's CBD suggests accessibility to local amenities and possibly nearby schools, making it a convenient choice for families or individuals looking to capitalize on its potential.