253 Mutu Street, Te Awamutu, Waipa

Embrace the potential of this charming 2-bedroom, 1-bathroom residence with a freehold title, nestled in the heart of Te Awamutu. Constructed in the 1920s with wooden walls and an iron roof in good condition, this 86m2 home sits on a level 445m2 section. The property's capital value has seen a remarkable increase of 53.1%, jumping from $405,000 in 2019 to $620,000 in 2022. The HouGarden AVM estimates the property at $602,500, while the latest sales in 2024 indicate a competitive market with sales prices of $445,000 and $427,000. This home is perfect for families, with its desirable school zones - Te Awamutu College (Secondary, Decile 5), Te Awamutu Primary School (Contributing, Decile 5), and Te Awamutu Intermediate (Decile 5).

With a functional layout, this fixer-upper offers a fantastic opportunity for first-time buyers and investors looking to enter the Te Awamutu property market. The modest price point and a blank canvas for renovation make it an attractive proposition. The home includes a bathroom with shower, vanity, and toilet, a kitchen with basic amenities, and a separate laundry. Outside, a detached garage and a rear patio provide convenience and a space for relaxation. Despite needing some tender love and care, the property's prime location and growth potential make it an unbeatable investment.

Located in a quiet cul-de-sac, just 250m from the main road, this property is an ideal blend of convenience and tranquility. The combination of a rising capital value, promising school zones, and a prime location makes this freehold property a top choice for those seeking a starter home or an investment with excellent growth prospects.

Updated on July 26, 2024