16 Walmsley Street, Kihikihi, Waipa

Located at 16 Walmsley Street, Kihikihi, Waipa, this property presents a unique opportunity for astute developers, local builders, or those looking to land bank for the future. The property features 2 bedrooms, 1 bathroom, and 3 car parks, with a floor area of 93m2 and a substantial land area of 4047m2. It is a freehold property, categorized as Residential - Dwelling. The building, constructed in 1928 with wood walls and an iron roof, is in poor condition, highlighting its potential for redevelopment. The level contour of the land and its proximity to Kihikihi shops and Te Awamutu's CBD add to its appeal.

The property's capital value has seen a significant increase, from $435,000 in August 2019 to $630,000 in August 2022, marking a 44.83% growth. The HouGarden AVM estimates its value at $617,500. Its latest sale in February 2024 fetched $800,000, a substantial increase from its $190,000 sale in November 2006. This growth trajectory underscores the property's investment potential.

Zoned for residential housing, the property falls within the school zones of Te Awamutu College and Te Awamutu Intermediate, both rated decile 5. These schools cater to secondary (Year 9-15) and intermediate levels, respectively, offering quality education options within the vicinity.

Updated on March 22, 2024.