1224 Kihikihi Road, Te Awamutu, Waipa

Nestled on a serene 1012m² site at 1224 Kihikihi Road, Te Awamutu, this Freehold property boasts a charming three-bedroom, one-bathroom residence with a single carpark. Constructed in 1990 with robust Fibrous Cement walls and an Iron roof in good condition, the home offers a floor area of 95m². The capital value has seen a significant increase, rising from $400,000 in 2019 to $550,000 in 2022, reflecting a growth of 37.5%. The compact kitchen flows into an open-plan dining and lounge area, which extends to a deck that overlooks picturesque farmland.

With a HouGarden AVM of $552,500 and a latest sale history of $500,000 in 2024, this property presents a sound investment. The government valuation has been on an upward trend, indicating a promising future for the property's worth. Notably, the site was last sold for $23,000 in 1990, showcasing a remarkable escalation in value.

For families, the property falls within a desirable school zone. Te Awamutu College, a Secondary school with a decile rating of 5, is in close proximity. Additionally, Te Awamutu Primary School, Te Awamutu Intermediate, and Pekerau School, all with impressive decile ratings, are accessible, making this an ideal location for educational pursuits.

Updated on September 25, 2024