3/1181 Alexandra Street, Te Awamutu, Waipa

Nestled in the serene environment of 3/1181 Alexandra Street, Te Awamutu, this residential unit boasts a cross-lease title on a level contour. Constructed in 1973 with solid brick walls and an iron roof in good condition, the home offers 2 bedrooms, 1 bathroom, and a single carpark. The floor area spans a comfortable 72 square meters, while the property's capital value has seen a significant increase from $325,000 in 2019 to the current $520,000, reflecting a growth rate of 60%. Although in need of modernization, the unit presents an opportunity for personalization, complemented by a spacious storage shed and convenient access to local amenities.

Reflecting on the property's valuation history, the HouGarden AVM estimates the unit at $485,000, with the latest sales recorded in 2003 for $82,000 and in 1992 for $70,000. The capital value growth percentage showcases a promising investment potential for potential buyers.

For families with school-aged children, the property falls within the catchment area of Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all rated a decile 5. This quiet cul-de-sac street provides a peaceful setting for academic pursuits.

Updated on May 22, 2024