2/400 French Pass Road, Karapiro, Waipa

Nestled in the tranquility of a quiet cul-de-sac at 2/400 French Pass Road, Karapiro, Waipa, this freehold property is a charming blend of rustic elegance and modern comfort. Constructed in 2018 with iron walls and roof, both in good condition, the property boasts a floor area of 180sqm and sits on a generous 3867sqm section with an easy/moderate rise contour. It features one bedroom, four carparks, and is currently utilized as a half-living, half-workshop space with a potential to transform into a three-bedroom family home. The open-plan kitchen, dining, and living area is bathed in sunlight, complemented by large doors that open to a spacious concrete patio for outdoor leisure.

Boasting a CV of $1,135,000 as of August 2022, the property has seen a remarkable increase of 49.34% from its 2019 CV of $760,000. The HouGarden AVM estimates the property's value at $1,052,500, while the latest sale in 2017 was for $260,000. This is a prime investment opportunity with a clear trend of capital value growth.

For families with school-aged children, the property falls within the highly sought-after Cambridge High School and Cambridge Middle School zones, both with a decile rating of 9. This idyllic retreat, now priced at only $1,095,000, offers a peaceful life in close proximity to educational excellence and the convenience of town, while providing inspiring rural views.

Updated on May 09, 2024