280c Peake Road, Pukemoremore, Waipa

Nestled at 280c Peake Road, Pukemoremore, Waipa, this industrial property with a unit title is a gem in the region. Constructed with iron for both the walls and roof, this modern building, built in 2023, is in a good condition throughout. It boasts a single bathroom and a floor area of 100 square meters, perfect for a variety of uses. The property's capital value has seen a meteoric rise, increasing by almost 100% over a span of a few years.

As per the government's valuation, the capital value as of August 2022 stands at $485,000, a significant leap from the $245,000 valuation in August 2019. This corresponds to a CV increase of 97.96%. The HouGarden AVM estimates the property's worth at $445,000. The latest sale history shows transactions at $400,000 in 2024 and $424,000 in 2021, reflecting a robust market interest.

For families, the property falls within the catchment area of some of the best schools. Hautapu School, a full primary, boasts a decile rating of 10. Cambridge High School and Cambridge Middle School, both with a decile rating of 9, offer secondary and composite education respectively, making this property an ideal investment for those with an eye on education.

Updated on December 04, 2024