Waterfront house and cottage


5 Grace Road, Avenues

Asking Price NZD $1,850,000

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Waterfront house and cottage | 5 Grace Road, Avenues | 2500995 |      X Close
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Waterfront house and cottage


The most valuable properties around the world invariably have an association with water.

Riparian land has maintained its valuable status by nature of the limitation of coastline, lakeside and shoreline.

Properties that share a boundary with earth's living water fall not only into the rarest but also a diminishing most valuable niche.

The 1561sq.m. of total land down a deep driveway is the setting of the 1960's built three bedroom plus study home and fully self-contained one bedroom cottage.

Two owners in seven decades is testament to the absolute pleasure of living here with the forever changing vista between low water and high tide.

The two dwellings are straight, true and adequate although being in the neighbourhood of the city's more valuable properties and multi-million-dollar house sales suggests that the approx. 1442sqm section (nett of right of way) is undercapitalised.

The Avenues is the longest established residential suburb of one of New Zealand's fastest growing cities, Tauranga, on the east coast of central North Island. Like Auckland, Sydney, Wellington and Melbourne it is home to sought after zoned schools and the extra-curricular infrastructure supporting them. You can watch your children walk to St Mary's School from here while the Waikato University Tauranga Campus is within the five-minute drive zone. All in all, the property and location features are the foundation on which the past strong value has been established. Be a part of it.

Capital Valuation:$1,350,000.00*

Land Value:$1,050,000.00*

Rates:$5,322.87*

Exterior Construction:House: Brick; Cottage: Fibre Panel

Roof:House: 6-Rib Iron; Cottage: Corrugated Iron

Joinery:Mostly wood - some aluminium

Insulation:Ceiling and under floor (some underfloor missing)

Floor Area: House: approx. 193sqm.* Cottage: 45sqm

Age:House: 1960s* Cottage: 1960s converted 1970's*

Aspect:North Easterly

Section Area:1561sqm

NOTE*information from Council file or web site, all measurements approximate.

5 Grace Road, Avenues

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Ray Lees

Tauranga

Licensed under the REA Act 2008

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Linda Lees

Tauranga

Licensed under the REA Act 2008

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