301 Racecourse Road, Te Awamutu, Waipa

Nestled in the tranquility of a quiet cul-de-sac, backing onto the scenic Mangapiko Stream, this charming 3-bedroom, 2-bathroom residence is a freehold property that has stood since 1930. Constructed with wood walls in good condition and an iron roof that's seen average wear, the home sits on a levelled 1618m2 land area with a floor space of 105m2. The property boasts a capital value of $640,000, a significant increase of 56.1% from its $410,000 valuation in 2019. The latest sale history includes transactions in 2016 for $290,000 and in 2006 for $240,000, while the current HouGarden AVM estimates the property at $632,500.

As for the government's valuation, the capital value growth reflects a promising investment with a steadily rising trend. The property's appeal is further enhanced by its proximity to well-rated schools, such as Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all with a decile rating of 5.

With a serene environment and a heat pump for comfort, this home is ideal for family life, especially with its access to quality education and the opportunity for outdoor exploration along the stream. The additional self-contained unit adds flexibility for extended family or potential rental income, making this property a rare combination of tranquility, comfort, and potential.

Updated on November 18, 2024