15 Ngarongo Street, Te Kuiti, Waitomo

Nestled in the tranquility of 15 Ngarongo Street, Te Kuiti, Waitomo, this charming 3-bedroom, 1-bathroom residence exudes a warm and inviting ambiance. Constructed in 1939 with wood walls and tile roofing, this freehold property sits on a levelled 1012m2 section with an average condition facade and roof. The interior boasts a generous floor area of 130m2, with all bedrooms being double-sized, a cozy lounge, and ample storage options. Outside, a single carpark, a garage/workshop with power, and a securely fenced garden provide both functionality and safety for a growing family. The property's CV has seen a remarkable increase of 52.94% from $255,000 in 2018 to $390,000 in 2021. HouGarden AVM estimates the property's value at $382,500, while the latest sales in 2024 and 2013 were at $415,000 and $160,000 respectively, indicating a promising investment opportunity. Moreover, the property's strategic location in a highly regarded school zone adds to its allure.

With a CV growth rate that outpaces the norm, this property is not just a home but a sound financial investment. The recent sale history and AVM reflect a strong market interest, making it an attractive prospect for both homeowners and investors. The potential for further development, with additional access from Kiwi Street, presents a unique opportunity to enhance the property's value.

For families with educational considerations, this property falls within a sought-after school zone. The nearby schools, known for their high decile ratings, offer an excellent educational foundation for children. Overall, 15 Ngarongo Street is a well-positioned opportunity that combines the allure of a peaceful cul-de-sac with the convenience of town proximity and quality education.

Updated on August 01, 2024