75 Cedarwood Street, Woodridge, Wellington

Nestled in the serene Woodridge, this nearly new standalone home at 75 Cedarwood Street boasts a freehold title and is a perfect starter for a fortunate first-time homeowner. The residence, built in 2022 with mixed materials for the walls and iron for the roof, is in a good condition both inside and out. It features 2 bedrooms, 1 bathroom, a single carport, and a floor area of 70 square meters on a flat, fully fenced 168 square meter section. The living space is downstairs, bathed in natural light, while the upstairs bedrooms enjoy the sun until late in the day. This property comes with approximately 8 years of the Woodridge new home guarantee, ensuring peace of mind for its new owner.

As for the property's financials, the capital value has seen a significant increase from $225,000 in 2018 to $830,000 in 2021, a growth rate of 268.89%. The HouGarden AVM estimates the property's worth at $795,000, and the latest sale on April 6th, 2022, was for $855,000. This stands as a testament to the property's appeal and investment potential.

For families with school-aged children, this property falls within the zones of several high-performing schools. These include Newlands College and St Oran's College, both secondary schools with high decile ratings of 9 and 10 respectively, as well as Newlands Intermediate and Bellevue School, both with a decile rating of 8. This makes the property an ideal choice for those valuing education.

Updated on April 22, 2024