Nestled in a serene cul-de-sac at 1/1288 Alexandra Street, Te Awamutu, this charming residential dwelling on a cross-lease title boasts a capital value that has seen a remarkable increase of 61.29% from $310,000 in 2019 to $500,000 in 2022. Constructed in 1950 with wood walls and an iron roof in good condition, the property offers 3 bedrooms, 1 bathroom, and a heat-pumped lounge. The kitchen features a generous walk-in pantry and ample bench space. The flat, level section is well-fenced and presents an opportunity for further development. For families, the property falls within the Te Awamutu College (Year 9-15), Te Awamutu Primary School, and Te Awamutu Intermediate, all with a decile rating of 5. The HouGarden AVM estimates the property's value at $480,000, while the latest sales history shows a significant increase from $75,000 in 1997 to $62,800 in 2003.
This is an ideal opportunity for first homebuyers or investors looking to add a promising property to their portfolio.
Updated on October 15, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.52 km | 3 | 117m2 | 2024 11 14 | $580,000 | Council approved | ||
 | 0.37 km | 4 | 212m2 | 2024 09 18 | $907,500 | Council approved | ||
 | 0.30 km | 3 | 1 | 100m2 | 2024 08 30 | - | Council approved | |
 | 0.45 km | 2 | 1 | 80m2 | 2024 08 23 | $420,000 | Council approved | |
 | 0.24 km | 3 | 157m2 | 2024 08 21 | $765,000 | Council approved |