40 Grosvenor Street, Cambridge, Waipa

Nestled in the esteemed Grosvenor Street, Cambridge, this charming 3-bedroom and 1-bathroom residence exudes potential on a 400m² freehold section. Constructed in 1960 with brick walls and an iron roof, both in average condition, the property offers a comfortable floor area of 80m² and a carport. The residence, with a capital value of $700,000 as of August 2022, has seen a CV increase of 29.63% since August 2019, reflecting a robust growth trajectory. This is an ideal opportunity for investors looking to expand their rental portfolio or for first-time homeowners.

With a HouGarden AVM of $650,000, the property also boasts a notable sales history. The recent capital value surge underscores the desirability of the location. This dwelling, situated in a quiet cul-de-sac, is in close proximity to highly rated educational institutions, enhancing its already significant value proposition.

Educationally, the property falls within the zones of Cambridge High School (Secondary, Decile 9), Cambridge Middle School (Restricted Composite, Decile 9), and Cambridge East School (Contributing, Decile 10), ensuring access to top-notch education facilities. This combination of a sought-after address and educational opportunities makes it an attractive prospect for families.

Updated on June 14, 2024