2 Lorne Street, Te Awamutu, Waipa

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.