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207 Richmond Street

Thames Waikato

3
1
3
506 m²
House
Currently for sale - view listing

Overview

High Exposure, High Potential

Positioned on a highly visible Richmond Street corner, this early-1900s villa presents a compelling opportunity for buyers seeking a project, redevelopment site, or future commercial premises. The existing weatherboard home sits on a 506sqm (more or less) freehold site and retains the generous proportions typical of its era, with high ceilings and large rooms currently configured as three bedrooms, separate lounge and a spacious dining area. However, the property does require significant renovation and improvement, making it best suited to buyers comfortable with a substantial refurbishment - or those considering the longer-term potential of redeveloping the site altogether. Currently tenanted at $560 per week until June 2027, the property provides holding income at approximately a 5.6% gross yield while plans are made for the future. Zoned Commercial (Zone 8A), the site enjoys strong exposure thanks to its prominent corner position. A detached garage with toilet, along with generous off-street parking, further supports the potential for future business use. Whether you're a renovator looking for your next project, an investor land-banking for the future, or a buyer seeking a well-positioned commercial site with income in place, this property offers flexibility and opportunity in a central Thames location. Viewing by appointment only. Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer

Features

3 bedrooms
1 bathroom
3 carspaces
2 open car spaces
1 garage space
506 m² lot size
House

Happy sellers in Thames

84%
84% of sellers in Thames reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 53 reviews in Thames over the last 12 months.

Local market activity for 3 bedroom houses in Thames

In the last 12 months, 48 three-bedroom houses similar to 207 Richmond Street, have been sold.

This represents a 51% decrease in three-bedroom houses sales when compared to the previous 12 months.

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