10 Penona Way

Off Market

10 Penona Way

Te Kauwhata Waikato

79 m²

250 m²

House

Aidan Picot, last sold this property on 17 September 2026 after 78 days on market.

Overview

Over 5% Gross Yield Potential – Tenants Ready

Now priced at $581,000, 10 Penona Way presents a ready-made opportunity for investors, with tenants prepared to move in at $560 per week providing a potential gross rental yield of just over 5%. Built in 2023 and positioned down a family-friendly lane in Lakeside, this modern three-bedroom home offers low-maintenance living in a location that continues to attract strong rental demand. The practical layout includes a master bedroom with a walk in wardrobe, two additional double bedrooms, a family bathroom and the convenience of a separate laundry. The open-plan kitchen provides generous bench space and connects naturally with the dining and living area, while a heat pump and HRV system help keep the home warm, dry and comfortable throughout the year. Outdoor living has been well considered, with two extended rooflines providing covered spaces for entertaining or relaxing. The north facing patio opens directly from the living room, overlooks the fully fenced lawn and enjoys privacy from established hedging. Additional features include: Dual blinds throughout Hallway sensor lighting Security system Garden shed Off-street parking directly outside the front door Easy-care 250m² section Low-maintenance 79m² home The Lakeside Hub is only a two minute walk away, with reserve walkways and the lake nearby. Te Kauwhata township is approximately ten minutes away on foot, while motorway access towards both Auckland and Hamilton is around a five-minute drive. For investors, the numbers are clear: a modern, easy care home with tenants ready to pay $560 per week. For first home buyers, it is an affordable opportunity to secure three bedrooms without stretching into the price range of a larger property. Contact Kirsten or Aidan today to arrange your viewing—this one is ready to move quickly.

Features

3 bedrooms

1 bathroom

79 m² floor area

250 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Te Kauwhata over the last 12 months, the estimated median property value of 10 Penona Way is $660k.

Median value

$660k

Estimated value range

$386k - $837k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Te Kauwhata. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 10 Penona Way

2026

Sold

Undisclosed

17 Sep 2026 by Aidan Picot, of Fusion Real Estate

2023

Sold

$599,000

Private Sale (EOI) on 10 Apr 2023 by Felicity Joslin, of Mike Greer Homes Hamilton

Happy sellers in Te Kauwhata

67%

67% of sellers in Te Kauwhata reported that their sale price either exceeded or met their price expectations.

Te Kauwhata stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 66 reviews in Te Kauwhata over the last 12 months.

Local market activity for 3 bedroom houses in Te Kauwhata

In the last 12 months, 71 three-bedroom houses similar to 10 Penona Way, have been sold.

This represents a 24% decrease in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Te Kauwhata for a free market appraisal.

Kirsten Anderson

at Fusion Real Estate

(94 reviews)

Get a free market appraisal

Aidan Picot

at Fusion Real Estate

(46 reviews)

Get a free market appraisal

Lynn Chanthaphoree

at Harcourts Papatoetoe(New Age Realty Ltd)

4.8

(27 reviews)

Get a free market appraisal

Nikhil Sharma

at Ray White Manukau(A T Realty Ltd)

(18 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Te Kauwhata

Kirsten Anderson

Sellers who recommend Kirsten Anderson have praised them for being clear communication, dedicated, local expert, responsive, supportive, friendly and reliable