13 Arnold Street, Leamington, Waipa

Located at 13 Arnold Street, Leamington, Waipa, this residential dwelling offers a unique investment or first home opportunity. The property features three generously sized bedrooms, a modern kitchen that leads to a private fenced backyard with a deck perfect for alfresco dining, and a cozy lounge equipped with a heat pump and a fireplace that could be reactivated. The house, built in 1940 with fibrous cement walls and an aluminium roof, both in fair condition, spans 110 square meters on a level cross-lease land. It also includes a single garage with a workshop and ample off-street parking, all freshly painted with new kitchen flooring for low maintenance living.

The property has seen a significant increase in capital value, from $380,000 in August 2019 to $540,000 in August 2022, marking a 42.11% growth. The latest HouGarden AVM estimates the value at $530,000. Historical sales data reveals transactions at $206,750 in July 2006 and $91,000 in February 1999. This demonstrates a strong and steady appreciation in value, making it an attractive option for investors or first-time buyers looking to add personal touches over time.

Education is well catered for, with the property falling within the zones for Cambridge High School (Secondary, decile 9), Cambridge Middle School (Restricted Composite, decile 9), and Leamington School (Contributing, decile 7). These schools offer quality education options for families, enhancing the property's appeal to potential buyers with educational needs in mind.

Updated on March 21, 2024.