1065 Paterangi Road, Te Awamutu, Waipa

Nestled in the serene Paterangi district, this 8568 sqm freehold property presents a lifestyle opportunity on a level contour. The building platform offers versatility, with potential for various structures and ample space for agricultural pursuits. The property boasts unknown wall and roof construction, yet offers an on-site power connection and excellent vdsl internet access. With a capital value of $640,000 as of August 2022, this vacant lot has seen a promising increase in value. It is located near Paterangi School, a full primary with a decile rating of 7, and Te Awamutu College, a secondary school with a decile rating of 5. The rural landscape, with views towards Mt Pirongia, adds to the appeal of this affordable and panoramic lifestyle section.

Historically, the property has shown a steady growth in its government valuation, with the HouGarden AVM estimating it at $617,500. This indicates a potential for investment, considering the increasing capital value percentage. The area's popularity is further evidenced by the recent sale history in the vicinity.

For families, the property falls within a desirable school zone. The nearby Paterangi School and Te Awamutu College provide quality education options, with the convenience of school bus services right at the gate. This combination of scenic beauty, educational opportunities, and potential for growth makes this lifestyle section an attractive prospect.

Updated on October 30, 2024