23 Princes Street, Cambridge, Waipa

Nestled on the esteemed Princes Street in the heart of Cambridge East, this 1,249 m2 freehold property, with a charming 1940s 3-bedroom home, presents an unparalleled opportunity. The residence, featuring wood exterior walls and a tiled roof, is complemented by a single carpark and a floor area of 108 m2. As a freehold, it holds great potential for investors and developers looking to capitalize on the property's CV, which has seen a remarkable increase of 66.67% from $600,000 in 2019 to $1,000,000 in 2022. The HouGarden AVM estimates the property's value at $917,500, making it an attractive prospect in a rapidly appreciating market.

Moreover, the property is located within a highly sought-after school zone. The nearby Cambridge High School and Cambridge Middle School both boast a decile rating of 9, while the Cambridge East School is rated a perfect 10. This addresses not only the educational needs but also the investment value, as properties in such zones are in high demand.

Whether you're looking to develop the land or secure it for future gain, the location and growth potential of this property are hard to beat. It's a chance to own a piece of Cambridge's prestigious history, with the promise of a lucrative return.

Updated on December 13, 2024