37 Wilkin Street, Waimate, Waimate

Nestled on a expansive 1217m2 section in a quiet cul-de-sac of Wilkin Street, Waimate, this charming 1940-built cottage boasts 2-3 bedrooms and is priced under a freehold title. The cozy interior features an open-plan living area with a heat pump for year-round comfort, complemented by a well-appointed bathroom and an additional convenience of a second toilet. The roof, tiled for durability, and the wooden exterior walls present an average condition, reflecting the cottage's cozy character. Notably, the property's Capital Value (CV) has seen a substantial increase of 55.56% from $180,000 in 2019 to $280,000 as of 2022, indicating a promising investment opportunity. The HouGarden AVM estimates the property's value at $255,000, with the latest sale recorded at $195,000 in 2020, a significant leap from the $37,000 sale in 1992.

For families with school-aged children, the property falls within the zones of both Craighead Diocesan School, a high decile secondary school, and Roncalli College, another reputable secondary institution. This educational advantage adds to the property's allure. The large section not only offers ample space for outdoor activities but also presents potential for subdivision, subject to council approval, making it an attractive prospect for developers or investors.

Conveniently located near shops, schools, and the gym, this property is a perfect blend of comfort, potential, and convenience, ideal for families, downsizers, or investors seeking a project with significant growth prospects.

Updated on December 10, 2024