Located at 137 Arapuni Lake Road, Wharepapa South, Waipa, this lifestyle-vacant property offers a unique opportunity for those looking to build their dream home or holiday getaway. With a land area of 2983m2, the property is situated in a serene environment, perfect for a peaceful lifestyle. The property is freehold, ensuring complete ownership without the complexities of shared land. Despite the unknown specifics regarding the number of bedrooms, bathrooms, and the construction details of the roof and walls, the level contour of the property provides an easy foundation for building. The absence of a floor area indicates the property's current status as a vacant lot, ready for new development.
The capital value of the property has seen a significant increase, from $271,500 in August 2019 to $432,000 in August 2022, marking a 59.116% growth. This rapid appreciation highlights the property's investment potential. The latest sale data shows a transaction at $450,000 on December 21, 2023, following a previous sale at $195,000 on June 2, 2016. The HouGarden AVM estimates the property's value at $427,500, closely aligning with its recent sale price and capital value.
For families considering educational opportunities, the property falls within the zone of Te Awamutu College, a secondary school catering to years 9-15 with a decile rating of 5. This provides a decent educational option for residents with school-age children, ensuring a balanced lifestyle of tranquility and convenience.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 4.92 km | 2 | 1 | 86m2 | 2024 06 13 | $515,000 | Council approved | |
 | 10.63 km | 3 | 1 | 107m2 | 2024 04 12 | $460,000 | Council approved | |
 | 4.99 km | 2 | 1 | 75m2 | 2024 03 04 | $490,000 | Council approved | |
10.63 km | 3 | 106m2 | 2024 02 20 | $480,000 | Council approved | |||
 | 4.96 km | 3 | 1 | 105m2 | 2024 02 05 | $605,000 | Council approved |