198 Laurie Street, Te Awamutu, Waipa

Located at 198 Laurie Street, Te Awamutu, Waipa, this residential dwelling is a testament to classic charm and potential. Built in 1950, the property features 4 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 110sqm and a generous land area of 736sqm. The freehold property boasts wood wall construction and an iron roof, both in average condition, set on a contour that presents an easy to moderate fall. This home is perfect for those looking to imprint their personal touch on a property with solid bones.

Over the past few years, the property has seen a significant increase in capital value, from $450,000 in August 2019 to $670,000 in August 2022, marking a 48.89% growth. The HouGarden AVM estimates its value at $655,000. Its sale history reflects a steady appreciation, with sales recorded at $245,000 in November 2009 and $439,000 in February 2019. This trajectory underscores the property's robust investment potential and the opportunity for capital gains.

The property is zoned for Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate, all of which have a decile rating of 5. This location offers a balanced educational environment, making it an ideal choice for families seeking quality schooling options. With its solid foundation, promising capital value growth, and favorable school zoning, this property is poised as an excellent opportunity for both investors and families alike.