1820 Cambridge Road, Te Awamutu, Waipa

Nestled on a sprawling 9135sqm of freehold land, this charming Te Awamutu property boasts a comfortable three-bedroom family home, built in 1980 with sturdy fibrous cement walls and iron roofing, both in good condition. The home features a generous floor area of 150sqm, with two car parks and a serene rural outlook from its position in a quiet cul-de-sac. Notably, the capital value has surged by 50.80% over three years, from $935,000 in 2019 to the current $1,410,000 as of August 2022. The property's HouGarden AVM is estimated at $1,310,000, while the latest sale was recorded in 1993 at $268,000.

With a decile 5 Te Awamutu College and a decile 4 Pekerau School within the zone, educational opportunities are ample. Te Awamutu Intermediate, also decile 5, completes the esteemed school network. The property's potential doesn't end there; it includes large greenhouses and a packhouse with bore water supply, currently used for growing foliage for florists, offering a unique home-based income opportunity.

Whether you're seeking a peaceful family life, investment potential, or the chance to landbank in a rapidly growing area, this property presents an exciting opportunity. It's a private rural oasis, minutes away from the Mitre10 Shopping Complex and the hustle of town, with the potential for future subdivision, subject to council consent.

Updated on June 10, 2024