119 Rata Street, Te Awamutu, Waipa

Nestled at 119 Rata Street, Te Awamutu, Waipa, this residential property is built on a level contour with wooden walls and tiled roofing, reflecting a charming 1940s construction. It boasts an average condition both inside and out, with a floor area of 240 square meters and a generous land area of 1237 square meters. The freehold nature of the property ensures that the owner has full control over this investment, which is categorized as rental flats purpose-built for residential use.

With a significant increase of 68.42% in its Capital Value from $380,000 in August 2019 to $640,000 in August 2022, this property also presents a promising investment perspective. The HouGarden AVM estimates the property's value at $622,500, while the latest sale records show transactions at $755,000 in July 2024 and $347,844 in October 2018, indicating a consistent upward trend in the property's market value.

For families with educational considerations, this property falls within the zone of Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all of which are rated with a decile of 5, ensuring quality education for children of all ages.

Updated on August 07, 2024