59 Esplanade, Te Kuiti, Waitomo

Nestled at 59 Esplanade, Te Kuiti, Waitomo, this residential dwelling on a freehold title offers a charming project opportunity. Constructed in 1910 with wood walls and an iron roof, it boasts 3 bedrooms, 2 carparks, and a floor area of 118sqm on a spacious 969sqm section with an easy/moderate rise contour. The property, which is in need of full renovation, presents a blank canvas for potential transformation. Notably, the capital value has surged by 60.87% from $230,000 in 2018 to $370,000 in 2021, showcasing a rapid growth potential. The HouGarden AVM estimates the property's worth at $367,500, making it an attractive prospect for investors and homeowners alike.

From a financial perspective, the property's CV increase is a testament to its investment potential. The recent sale history and set date sale indicate a unique opportunity in a developing area. The generous land size coupled with the vintage house holds immense potential for future development or a creative renovation project.

For families, the property falls within a desirable school zone. With excellent educational facilities and a favorable decile rating, it ensures a quality education for children. Whether you seek a thriving garden, a playful haven for kids, or an outdoor entertainment area, this property's backyard promises endless possibilities.

Updated on November 07, 2024