Nestled on a sprawling 16.9 hectares at 848 Arapuni Road, Parawera, Waipa, this charming freehold property boasts a 3-bedroom, 530sqm floor area home with iron roofing and wooden exterior walls. Built in 1960 and renovated recently, it offers an average-conditioned rural retreat with captivating views, set in a serene environment with easy access to Te Awamutu, Cambridge, and Putaruru. The property, currently valued at $1,905,000 according to the latest government valuation, has seen a CV increase of 45.42% since 2019, reflecting its growing investment potential. With a 3-car park and a land area of 168,716sqm, it's perfect for those seeking a balance between lifestyle living and grazing support opportunities.
History shows a promising trend, with the HouGarden AVM estimating the property's worth at $1,705,000, and a recent sale history that underscores the demand for such tranquil, agriculturally rich estates. The capital value growth percentage is a testament to the property's appeal and future prospects.
For families with school-aged children, the property falls within the zones of Te Awamutu College (Secondary, Decile 5), Te Awamutu Intermediate (Intermediate, Decile 5), and Puahue School (Contributing, Decile 8), ensuring access to quality education. This property not only offers a peaceful country lifestyle but also a smart investment in a sought-after school district.
Updated on June 05, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 2.65 km | 3 | 1 | 125m2 | Year 2024 Month 11 Day 18 | $725,000 | Council approved | |
 | 2.62 km | 3 | 2 | 134m2 | Year 2024 Month 10 Day 23 | $740,000 | Council approved | |
5.11 km | 0m2 | Year 2024 Month 09 Day 26 | $470,000 | Council approved | ||||
 | 2.63 km | 3 | 2 | 134m2 | Year 2024 Month 08 Day 30 | $746,000 | Council approved | |
 | 5.11 km | 3 | 220m2 | Year 2024 Month 08 Day 01 | $852,500 | Council approved |