37a Belt Street, Waimate, Waimate

Nestled in a serene environment off Belt Street, Waimate, this vacant residential property on a freehold title offers a promising investment. Constructed in 2020 with iron walls and roof in good condition, the 63 square meter floor area is set on a level plot of land, reported to be 1183 square meters. This property is perfect for building your dream home, with ample space left to spare. The capital value has seen a significant increase from $100,000 in 2019 to $225,000 as of 2022, reflecting a growth of 125%.

With a HouGarden AVM of $205,000, the latest sale history shows transactions at $219,000 in 2024 and $230,000 in 2022. This indicates a stable and potentially rising market value for the area. The property is situated in a desirable school zone, with Craighead Diocesan School, a decile 9 secondary school, and Roncalli College, a decile 7 secondary school, in close proximity.

Future owners will benefit from the convenience of top-rated schools and the prospect of further capital appreciation in this sought-after location.

Updated on December 04, 2024