Nestled on the serene King Street, this charming 3-bedroom and 1-bathroom residence presents a lucrative opportunity for investors or first-time homeowners. Constructed in 1960 with solid brick walls and an iron roof, this freehold property sits on a levelled 413m² section, fully fenced for privacy and security. The home features an 80m² floor area, a single carpark, and is maintained in average condition both inside and out. Notably, the property's Capital Value has seen a rapid increase of 29.63% from $540,000 in 2019 to $700,000 as of 2022, while the HouGarden AVM estimates it at $650,000.
Reflecting its esteemed value, the property is located in a desirable school zone. The Cambridge High School and Cambridge Middle School, both with a decile rating of 9, are within easy reach, while the Cambridge East School boasts a perfect decile score of 10. This address is not just a home; it's an investment in a promising future.
With its prime location, just a short stroll from the heart of Cambridge, and the potential for further growth, this property is an opportunity not to be missed.
Updated on June 14, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 3 | 1 | 110m2 | 2024 12 12 | - | Council approved | |
 | 0.09 km | 3 | 1 | 103m2 | 2024 10 30 | - | Council approved | |
 | 0.05 km | 2 | 120m2 | 2024 10 18 | $775,000 | Council approved | ||
 | 0.06 km | 4 | 1 | 150m2 | 2024 10 14 | - | Council approved | |
 | 0.14 km | 3 | 1 | 110m2 | 2024 08 16 | $822,000 | Council approved |