25a Leonard Street, Waimate, Waimate

Nestled in the coveted Leonard Street of Waimate, this 1977-built residential unit boasts a concrete exterior and a tiled roof, both in good condition. The 3-bedroom front unit features a separate lounge, kitchen/dining area, and a sunlit conservatory, with a single carpark and a floor area of 130 square meters. It sits on a level contour under a Cross-Lease ownership. The property has seen a significant Capital Value (CV) increase from $240,000 in 2019 to $380,000 in 2022, indicating a growth rate of 58.33%. The latest sales were recorded at $385,000 in 2022 and $440,000 in 2024, with the HouGarden AVM estimating the value at $362,500.

With regards to the school zone, the property falls within the catchment area of Craighead Diocesan School, a highly rated secondary school with a decile rating of 9, and Roncalli College, a secondary school with a decile rating of 7.

This well-maintained unit is not only conveniently located within walking distance to the shops but also represents an estate realisation opportunity that's available for early settlement.

Updated on April 10, 2024