Nestled on a quarter-acre section at 6 Colbeck Road, Awhitu, this charming 1950s residential dwelling offers 2 bedrooms, 1 bathroom, and an expansive 80 square meters of floor area. It boasts a freehold title, wood exterior walls, and an iron roof in average condition. The property is situated on level contour, providing a serene environment with a large double garage workshop and an additional two-bedroom cottage awaiting restoration or demolition. The capital value has seen a significant increase of 57.89% from $380,000 in 2017 to $600,000 as of June 2021. The HouGarden AVM estimates the property at $572,500, while the latest sale was recorded in 1995 at $115,000.
With a CV growth rate that outpaces the market average, this property is not just a home but a sound investment. The Waiuku College in the zone is a secondary school with a decile rating of 6, ensuring quality education for the family. The Awhitu community is rich in amenities and history, with country stores, regional parks, golf clubs, and the Awhitu Wines boutique winery all within a short drive. The Peninsula’s sandy beaches and fishing spots add to the appeal of this rural escape.
Part of a deceased estate, this property presents a unique opportunity to become part of the vibrant Awhitu community. Its prime location, coupled with the potential for renovation and the robust CV growth, make it an attractive prospect for both investors and families.
Updated on April 26, 2024