Positioned in the serene Lindale Street, Morrinsville, this charming 2-bedroom, 1-bathroom home with a single carport presents an enticing opportunity. Constructed in 1990 with a fibrous cement exterior and iron roof, both in good condition, this cross-lease property offers a level contour and a floor area of 70 square meters. It's a perfect blend of classic charm and potential for renovation. The government's capital value has seen a significant increase from $295,000 in 2018 to $520,000 in 2021, reflecting a growth rate of 76.27%. The HouGarden AVM estimates the property's worth at $525,000, making it an attractive prospect for investors or first-time homeowners.
Historically, the property has been undervalued, but its strategic location and potential for improvement are clear indicators of its rising value. The recent sale history and AVM reflect a high demand for properties in this quiet cul-de-sac. With a promising CV growth trend, this property is set to offer substantial returns in the future.
For families with children, the property falls within the zones of Morrinsville College (Decile 6), Morrinsville Intermediate School (Decile 5), and Morrinsville School (Decile 3), ensuring access to quality education. This home, ready for your personal touch, invites you to embrace this opportunity and transform it into your dream property.
Updated on September 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 4 | 140m2 | Year 2024 Month 11 Day 07 | $700,000 | Council approved | ||
 | 0.23 km | 4 | 2 | 162m2 | Year 2024 Month 10 Day 11 | - | Council approved | |
 | 0.40 km | 3 | 160m2 | Year 2024 Month 10 Day 09 | $715,000 | Council approved | ||
 | 0.42 km | 4 | 2 | 295m2 | Year 2024 Month 09 Day 13 | - | Council approved | |
0.32 km | 2 | 143m2 | Year 2024 Month 08 Day 27 | $750,000 | Council approved |