5 Prospect Terrace, Paeroa, Hauraki

Welcome to 5 Prospect Terrace, Paeroa, a charming freehold property in the heart of Hauraki. This modern 3-bedroom, 1-bathroom dwelling, built in 1997, stands out with its fibrous cement walls and iron roof, both in good condition. Spanning a floor area of 102 sqm on a levelled 694 sqm land, it offers an open plan living space, a separate WC, and a well-appointed bathroom. The property is enhanced with a heat pump, fibre connectivity, and a private balcony off the main bedroom. Its double garage and off-street parking accommodate up to four vehicles. The beautifully landscaped garden includes a variety of fruit trees and flowering shrubs. Notably, the property's Capital Value has maintained a stable growth, with a recent HouGarden AVM of $582,500, and a historical sale in 1997 for $145,000. As of September 2021, the CV stands at $610,000, unchanged from the previous quarter, indicating a reliable investment opportunity.

Since the last sale, the capital value has seen a consistent increase, reflecting a solid investment in the real estate market. The latest CV of $610,000, unchanged from July 2021, underscores the property's stable worth. The HouGarden AVM, a useful indicator, is valued at $582,500, offering a realistic market perspective.

For families with children, the property falls within a desirable school zone. The local schools are well-rated, ensuring access to quality education. This combination of a comfortable home in a family-friendly location makes 5 Prospect Terrace an attractive prospect indeed.

Updated on April 11, 2024