Nestled in a serene cul-de-sac at 1/794 Kihikihi Road, Te Awamutu, Waipa, this residential dwelling is a stand-alone 2 bedroom townhouse. Constructed in 1988 with wood exterior walls and tiled roofing, the property boasts good wall and roof conditions. It features a conservatory, internal access to a single garage, and off-street parking. The 110 square meter floor area is complemented by a brand new kitchen, fresh paint, new carpet, and vinyl flooring, making it an ideal move-in ready opportunity. It sits on a cross-lease title and has a capital value (CV) of $425,000 as of 2019, which has seen a 50.59% increase to $640,000 by 2022. The HouGarden AVM estimates the property at $622,500, while the latest sales were recorded at $470,000 in 2024 and $407,000 in 2020.
With a CV increase indicating a rapid capital growth, this property is not only a sound investment but also 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, Pekerau School, and Te Awamutu Intermediate, all with contributing or intermediate school types and decile ratings of 4 or 5, offer a range of educational options.
Located in a prime educational district, this property presents a golden opportunity for families seeking quality education for their children, coupled with the comfort of a well-maintained home.
Updated on August 14, 2024