3/782 Te Rahu Road, Te Awamutu, Waipa

Nestled in the tranquil cul-de-sac of Te Rahu Road, this 2009-built townhouse boasts 3 bedrooms, a single carpark, and a floor area of 130m2. The property, with its solid brick exterior and iron roof, is in good condition both inside and out. It is situated on a level contour and is under a Cross-Lease ownership. The capital value has seen a significant increase of 49.5% from $455,000 in 2019 to the current $680,000. The latest sale was recorded at $600,000 in 2024, with a HouGarden AVM estimate of $660,000.

With a CV growth rate that outpaces the market, this property is not just an attractive investment but also a perfect first home. It falls within the catchment area of Te Awamutu College (Decile 5), Pekerau School (Decile 4), and Te Awamutu Intermediate (Decile 5), ensuring quality education for the family. The property's convenient location, near parks and amenities, adds to the appeal, making it an ideal choice for professionals, empty nesters, and investors.

Occupying the desirable end unit, away from the roadside, this townhouse is a haven of privacy and natural light. The generous, fully fenced section allows for a pet-friendly environment and alfresco entertaining, facilitated by stacker doors that open to the sun-kissed backyard. The combination of thoughtful design, quality appointments, and an affordable price-point makes this property a rare find that should not be missed.

Updated on August 28, 2024