Nestled in the serene Ariki Street of Karapiro, Waipa, this residential dwelling on a freehold title boasts a charming history. Constructed in 1940 with wood walls and tiled roof, the property offers 3 bedrooms, a bathroom, a separate toilet, and a single car park. The floor area spans 102sqm, while the land area is an expansive 814sqm with an easy/moderate rise contour. The capital value has seen a dramatic increase of 71.43% from $350,000 in 2019 to $600,000 as of 2022. The HouGarden AVM estimates the property at $557,500, and the latest sales were in 1992 at $60,000 and $57,000 respectively. This home, with its original condition combined lounge and kitchen-dining, is perfect for those who appreciate the vintage appeal and potential investment.
Government valuations reflect a promising growth trend, ideal for investors seeking capital appreciation. The property's location in the Cambridge High and Middle School zones, both with a decile rating of 9, adds to its allure, making it an excellent choice for families with educational priorities.
With the lake and cycleway just minutes away, and the planned opening of the Hydro bridge in 2024, this property offers a unique lifestyle in a friendly village atmosphere. Don't miss this opportunity to own a piece of history and secure your future in this rapidly appreciating property market!
Updated on June 11, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 4.86 km | 5 | 3 | 283m2 | 2024 05 17 | $1,700,000 | Council approved | |
 | 4.62 km | 1 | 1 | 180m2 | 2024 05 09 | $1,095,000 | Council approved | |
 | 1.10 km | 5 | 4 | 250m2 | 2024 04 09 | $1,800,000 | Council approved | |
4.85 km | 4 | 295m2 | 2024 02 20 | $1,875,000 | Council approved | |||
0.87 km | 4 | 209m2 | 2024 01 30 | $1,340,000 | Council approved |