Nestled in a quiet cul-de-sac at 1/1714 Alexandra Street, Te Awamutu, this residential dwelling built in 1950 boasts 2 bedrooms, 1 bathroom, and a single carpark. The 80 square meter floor area is complemented by an iron roof and wooden exterior walls in average condition. It sits on a level contour and is under a Cross-Lease ownership. The property's Capital Value (CV) has seen a remarkable increase from $305,000 in 2019 to $495,000 as of 2022, indicating a growth rate of 62.3%. The latest sale was recorded at $420,000 in 2024, with a HouGarden AVM estimate of $475,000.
With a government valuation on the rise and a recent sales history that reflects a thriving market, this property presents a sound investment opportunity. The increase in CV over a span of three years is a testament to the area's desirability and potential for future growth.
For families with school-aged children, the property falls within the catchment area of Te Awamutu College (Secondary, Decile 5), Te Awamutu Primary School (Contributing, Decile 5), and Te Awamutu Intermediate (Decile 5), ensuring access to quality education.
Updated on October 09, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 4 | 210m2 | 2024 11 22 | $795,000 | Council approved | ||
 | 0.45 km | 3 | 1 | -m2 | 2024 10 15 | - | Council approved | |
 | 0.53 km | 3 | 1 | 90m2 | 2024 09 23 | - | Council approved | |
 | 0.56 km | 3 | 1 | 140m2 | 2024 09 05 | $689,000 | Council approved | |
 | 0.51 km | 2 | 1 | 70m2 | 2024 08 08 | - | Council approved |