267 Mutu Street, Te Awamutu, Waipa

Located at 267 Mutu Street, Te Awamutu, Waipa, this property is a unique investment opportunity, perfect for investors, developers, or larger families. The property features a total of 7 bedrooms, with an expansive floor area of 360 square meters and a substantial land area of 1507 square meters. Ownership is freehold, ensuring complete control over the property. The residential category is described as 'Residential - Rental flats (purpose built)', with the building constructed from mixed materials for both the roof and walls. The property is level, with mixed conditions for both wall and roof. The centerpiece of this property is a recently renovated bungalow, which includes three spacious bedrooms, two bathrooms, and a large living area that opens onto a generous rear deck. Additionally, there is a double carport and a separate driveway leading to two two-bedroom, one-bathroom units, each with its own carport, offering a fantastic rental yield.

The property has seen a significant increase in capital value, from $600,000 on August 1, 2019, to $900,000 on August 1, 2022, marking a 50% increase. The HouGarden AVM is estimated at $862,500. The latest sale on February 15, 2024, was for $850,000, up from $508,000 on March 21, 2007. This demonstrates the property's strong potential for a solid return on investment.

Situated in a prime location, the property falls within the school zones of Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all of which have a decile rating of 5. This makes it an ideal choice for families looking for quality education options.

Updated on April 04, 2024.