73 Thompson Street, Leamington, Waipa

Nestled in the serene Leamington, Waipa, at 73 Thompson Street, this residential unit boasts a complete overhaul to an impeccable standard. It features 2 bedrooms, 1 bathroom, and a single carpark, all within a floor area of 75 square meters. Constructed in 1974 with concrete walls and an iron roof, both in average condition, this cross-lease property is a perfect blend of classic charm and modern comfort. The capital value has seen a rapid increase of 43.21% from $405,000 in 2019 to $580,000 as of August 2022. The HouGarden AVM estimates it at $552,500, while the latest sales history shows a progression from $194,000 in 2012 to $217,000 in 2013.

Notably, the property is located in a prime school zone, with Cambridge High School (Year 9-15) and Cambridge Middle School (Year 7-10) both boasting a decile rating of 9, while Leamington School has a rating of 7. This makes it an ideal investment for families, with the added benefit of being in proximity to parks, shops, a medical center, and transport.

With a fully fenced garden, perfect for a vegetable patch or a cottage garden, and the entire property insulated with double glazed windows, this unit is not just a home but a sanctuary. Whether you're looking for a first home, a haven for the elderly, or a solid investment, this property in a quiet cul-de-sac is a gem not to be missed.

Updated on April 24, 2024