497 Preston Road Extension, Te Awamutu, Waipa

Nestled in the serene Preston Road Extension of Te Awamutu, Waipa, this charming freehold property boasts a capital value of $850,000 as of August 2022, showcasing a remarkable increase of 41.67% from its $600,000 valuation in August 2019. Constructed in 2006 with brick walls and an iron roof, both in good condition, this modern family home offers 3 bedrooms, 2 carparks, and a spacious floor area of 170 square meters on a land of 741 square meters. The property, with its easy/moderate rise contour, is equipped with a heat pump and enjoys a quiet cul-de-sac location.

Valuation history reveals a HouGarden AVM of $815,000, with the latest sale recorded in November 2018 at $540,000. This indicates not only a consistent capital value growth but also a promising investment opportunity. The property's description highlights a modern kitchen with views, spacious bedrooms with an ensuite and walk-in robe in the master, a family bathroom, and separate toilet, along with expansive dining and living areas perfect for entertainment.

For families with children, the property falls within the catchment area of Te Awamutu College (Secondary, Decile 5), Pekerau School (Contributing, Decile 4), and Te Awamutu Intermediate (Intermediate, Decile 5), ensuring access to quality education. This home, set in a peaceful, established neighborhood, is a perfect blend of comfort, convenience, and potential.

Updated on April 22, 2024