Nestled in the serene 5 Mackenzie Place of Cambridge, Waipa, this charming 2-bedroom unit, built in 1981, boasts a stone exterior and a tiled roof, both in good condition. The property, with a floor area of 110 square meters, is under a Cross-Lease ownership and comes with 2 car parks. It features an open-plan living area that leads to a north-facing patio, a level section adorned with fruit trees, a vegetable garden, and a mix of flowering and subtropical plantings. For comfort, it's equipped with a heat pump. The latest sale history shows transactions at $580,000 in 2019 and $545,000 in 2018, while the current Government Valuation (CV) stands at $685,000, indicating a growth of 26.85% since 2019. The HouGarden AVM estimates the property at $637,500. This residence is not only a perfect first home or downsizing option but also enjoys a prime location, being within walking distance to town.
With regards to the property's valuation, the rapid increase in CV over the past few years highlights its investment potential. The recent AVM and sale history further reinforce the property's worth, making it an attractive opportunity for buyers.
For families with school-aged children, this property falls within the zone of highly rated schools, including Cambridge High School (Year 9-15, Decile 9), Cambridge Middle School (Year 7-10, Decile 9), and Cambridge School (Contributing, Decile 9), ensuring access to quality education.
Updated on May 22, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 3 | 2 | 142m2 | Year 2024 Month 05 Day 10 | $1,012,000 | Council approved | |
 | 0.21 km | 2 | 1 | 110m2 | Year 2024 Month 04 Day 05 | $548,000 | Council approved | |
 | 0.31 km | 2 | 1 | 80m2 | Year 2024 Month 01 Day 12 | $545,000 | Council approved | |
0.44 km | 4 | 220m2 | Year 2023 Month 12 Day 17 | $920,000 | Council approved | |||
0.14 km | 2 | 200m2 | Year 2023 Month 12 Day 10 | $810,000 | Council approved |