Page 4 - Comparable Market Analysis

Comparative Market Analysis 25 January 2019

Sold Nearby

The Real Estate Agents Act requires any recommendation to be supported by an analysis of sold properties that are
deemed comparable. These sold comparable properties have been selected based on their geographical proximity,
similarity of their attributes and time of sale.

Sale Price $380,000 to $440,000 Median $425,000 Mean $417,409 On average, the properties listed
below have sold 28.79% above
Capital Value $291,000 to $345,000 Median $329,000 Mean $322,000
the current C.V.

6 67 Richmond Avenue, Richmond Heights, Taupo7 Richmond Avenue, Richmond Heights, Taupo 33 11 11

Last Sold $440,000 - 16 Mar 18 Floor Area 146 m²
Capital Value $333,000 - 01 Jul 16 Roof Steel/G-Iron
Land Value $154,000 - 01 Jul 16 Walls Fibre Cement
Land Use Building Age 1970-1979
Land Area 733 m²

Many hours have been spent renovating and enhancing this lovely three bedroom home only to find that
relocation out of town means very reluctantly having to let it go. However, any buyer looking for a family or
holiday home or an investment will thank their lucky stars as this is a real gem.
Renovations include the bathroom and toilet along with a new scullery, which is a thoughtful addition to the
kitchen. An office/sun lounge has also been added along with a very tasteful conservatory that maximizes
space for the family. Sun is this home's best friend as it pours in while a new firebox warms the house on
cold, cloudy days. On the northern side is a large deck that captures all day sun.
In the backyard is everybody's favourite in the hot summer months - a built in pool; the kids will love you for
that! The tidy, newly planted grounds on this 733 sq m property are fully fenced providing a secure
environment for children and pets alike. A carport supplements the single garage, which also offers the very
handy bonus of an extra shower and toilet.
Enjoying corridor views to the lake and over to Taupo, this location holds wide appeal to anyone who prefers
to leave the car parked up and walk to the nearby lake, shops, takeaway or playground.
An important consideration for families with school age children is being located in the desirable Waipahihi
School zone. Best of all is that it's only a five-minute walk from home to school.

PREPARED BY:
B&W Real Estate
75 Titiraupenga St
Taupo 3330
O: 07 378 7668
info@bwrealestate.co.nz
Licensed Real Estate Agent REAA 2008