Nestled in the heart of Te Awamutu, this charming property at 2/1007 Alexandra Street offers a perfect blend of comfort and convenience. Constructed in 1997 with brick walls and an iron roof, both in good condition, this residential unit boasts 2 bedrooms, 1 bathroom, and a single car park. It sits on a level contour with a floor area of 100 square meters, under a Cross-Lease ownership type. The property's Capital Value (CV) has seen a remarkable increase of 52.5% from $400,000 in August 2019 to $610,000 in August 2022, indicating a sound investment opportunity. The HouGarden AVM estimates the property's value at $567,500, while the latest sales were recorded at $362,000 in 2019 and $280,000 in 2016.
For families, the property falls within a desirable school zone, with Te Awamutu College (Secondary, Decile 5), Te Awamutu Primary School (Contributing, Decile 5), and Te Awamutu Intermediate (Decile 5) all within easy reach. Currently tenanted with a rental income of $470pw, this property presents a great investment or home option.
Located in a quiet cul-de-sac, it's a short walk to local amenities, making it an ideal choice for those seeking a low-maintenance lifestyle in a thriving community.
Updated on June 23, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.30 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 15 | - | Council approved | |
 | 0.11 km | 4 | 212m2 | Year 2024 Month 09 Day 18 | $907,500 | Council approved | ||
 | 0.88 km | 3 | 157m2 | Year 2024 Month 08 Day 21 | $765,000 | Council approved | ||
 | 0.33 km | 3 | 118m2 | Year 2024 Month 08 Day 08 | $645,000 | Council approved | ||
 | 0.23 km | 2 | 1 | 96m2 | Year 2024 Month 06 Day 25 | $618,000 | Council approved |