Located at 1761 River Road, Flagstaff, Hamilton, this award-winning Downey Designer Homes Show Home is a modern marvel with four bedrooms, two bathrooms, two living areas, and a double garage. Spanning a generous floor area of 265sqm on a 600sqm freehold section, the property boasts mixed materials for its walls and an iron roof, both in good condition. Built in 2017, it sits on level ground, making it an ideal family home. The property is offered for sale as construction of a new Show Home next door is about to commence, including a two-year lease back to Downey at $59,000pa including GST, plus outgoings.
From a financial perspective, the property has seen a significant increase in capital value, from $1,010,000 in September 2018 to $1,525,000 in September 2021, marking a 50.99% increase. The latest sale recorded was on January 9, 2024, for $1,490,000, up from $1,250,000 on August 12, 2020. The HouGarden AVM estimates the property's value at $1,460,000.
Education is a priority in this area, with the property zoned for top-tier schools including Rototuna Senior High School (Y11-13), Rototuna Junior High School (Y7-8), Endeavour School, Fairfield Intermediate, and Te Rapa School, all boasting high decile ratings. This makes the property not only a comfortable and stylish place to live but also a wise investment in your children's future.
Updated on April 06, 2024.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.30 km | 4 | 2 | -m2 | 2024 10 18 | $1,170,000 | Council approved | |
 | 0.04 km | 5 | 3 | 218m2 | 2024 10 07 | $1,086,500 | Council approved | |
 | 0.37 km | 5 | 2 | 237m2 | 2024 09 26 | $1,202,500 | Council approved | |
 | 0.11 km | 4 | 3 | 204m2 | 2024 07 31 | $941,500 | Council approved | |
 | 0.10 km | 4 | 228m2 | 2024 07 01 | $1,120,000 | Council approved |