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
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.07 km | 3 | 110m2 | Year 2024 Month 11 Day 09 | $460,000 | Council approved | ||
0.17 km | 4 | 200m2 | Year 2024 Month 10 Day 04 | $525,000 | Council approved | |||
 | 0.24 km | 3 | 119m2 | Year 2024 Month 08 Day 08 | $505,000 | Council approved | ||
0.64 km | 3 | 1 | 93m2 | Year 2024 Month 07 Day 04 | $318,000 | Council approved | ||
 | 0.23 km | 2 | 1 | 94m2 | Year 2024 Month 06 Day 28 | $385,000 | Council approved |