Nestled at the top of a quiet cul-de-sac, this 3-bedroom, 1-bathroom home with a single carpark offers an opportunity for both starting families and investors. Constructed in 1970 with brick walls and an iron roof, the property sits on a level contour with an average condition for both the walls and roof. It boasts a floor area of 85 square meters and is under a Cross-Lease ownership. The property has seen a significant increase in Capital Value (CV) from $320,000 in August 2019 to $510,000 in August 2022, marking a growth of 59.375%. The HouGarden AVM estimates the property's worth at $515,000, and the latest sales were recorded at $300,000 in 2019 and $190,000 in 2015. Notably, the house features a new bathroom, a refreshed kitchen, and offers easy maintenance with a sunny yard. It falls within a school zone with Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all rated at a decile of 5.
With instructions to present all offers, this property presents a great starter home with potential for high yield investment. It's a must-see at this price point, offering vacant possession and a property file upon request.
Education-wise, the property is within a highly regarded school network. Te Awamutu College is a Secondary school catering to Years 9-15, while both Te Awamutu Primary School and Te Awamutu Intermediate are contributing schools, each boasting a decile rating of 5.
Updated on October 01, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.69 km | 3 | 1 | 140m2 | 2024 09 05 | $689,000 | Council approved | |
 | 0.30 km | 2 | 1 | 61m2 | 2024 09 04 | - | Council approved | |
 | 0.73 km | 2 | 1 | 70m2 | 2024 08 08 | - | Council approved | |
| 0.30 km | 2 | 1 | 61m2 | 2024 07 31 | $512,000 | Council approved | |
 | 0.14 km | 2 | 1 | 80m2 | 2024 07 05 | - | Council approved |