8 Holmes Street, Waimate, Waimate

Nestled in the tranquility of 8 Holmes Street, Waimate, this charming residential dwelling on a freehold title was constructed in 1940 with fibrous cement walls and tiled roofing. It boasts 2 bedrooms, 1 bathroom, a single carpark, and a floor area of 76 square meters on a levelled land of 431 square meters. The property has seen recent renovations, including a new kitchen, carpet, and an energy-efficient heat pump, all while maintaining good wall condition and an average roof. It's perfect for investors looking to add to their portfolio, with the added bonus of a standalone outdoor craft/utility room and a carport.

As for financials, the capital value has seen a remarkable increase from $215,000 in 2019 to $325,000 in 2022, indicating a growth rate of 51.16%. The HouGarden AVM estimates the property at $315,000, while the latest sales were recorded at $322,000 in 2024 and $247,000 in 2020. This is a clear indicator of a sound investment opportunity in a stable market.

For families with school-going children, the property falls within the zones of Craighead Diocesan School, a secondary school with a decile rating of 9, and Roncalli College, also a secondary school with a decile rating of 7. This makes it an ideal choice for those seeking quality education for their children while enjoying the convenience of a short stroll to town and amenities.

Updated on October 09, 2024