This solid 1960's brick home at 2 Lorne Street, Te Awamutu, Waipa, is a treasure trove of opportunity for first-home buyers, property investors, and DIY enthusiasts alike. Boasting three double bedrooms, one bathroom, and two carparks, this residence spans a floor area of 170m2 on a generous 840m2 section. The freehold property features an iron roof and brick walls, both in average condition, reflecting its age since construction in 1965. The property's contour presents an easy/moderate fall, setting the stage for a home with great bones and potential for enhancement.
From a financial perspective, the property has seen a significant increase in capital value, jumping from $465,000 in August 2019 to $690,000 in August 2022, marking a 48.39% growth. The HouGarden AVM estimates its value at $675,000. Its sale history underscores its value growth, with transactions recorded at $242,000 in May 2010 and $310,000 in March 2016. This trajectory indicates a solid investment opportunity with room for further capital appreciation.
Education is well catered for, with the property falling within the zone for Te Awamutu College (Secondary, Year 9-15, decile 5), Te Awamutu Primary School (Contributing, decile 5), and Te Awamutu Intermediate (Intermediate, decile 5). These schools provide a range of educational opportunities for families, making this property an ideal choice for those prioritizing education.
Updated on March 21, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 3 | 1 | -m2 | 2024年04月05日 | $600,000 | Council approved | |
0.19 km | 4 | 145m2 | 2024年01月19日 | $632,000 | Council approved | |||
 | 0.13 km | 3 | 1 | -m2 | 2023年12月12日 | $765,000 | Council approved | |
0.26 km | 3 | 130m2 | 2023年12月05日 | $639,000 | Council approved | |||
 | 0.13 km | 3 | 1 | 100m2 | 2023年12月01日 | $675,000 | Council approved |