62b Harris Street, Waimate, Waimate

Nestled in the tranquility of a quiet cul-de-sac at 62b Harris Street, Waimate, this residential ownership home unit boasts 2 bedrooms, a single carpark, and a spacious floor area of 120 square meters. Constructed in 1978 with concrete walls and tiled roofing, the property stands on level contour with average wall and roof conditions. The cross-lease title adds a unique dimension to this solid and spacious unit, which features open-plan living complemented by a compliant log burner. Both double bedrooms come with built-in wardrobes, while the bathroom is undergoing refurbishment with a new shower and vinyl flooring. Convenience is key with a separate laundry near the back door and a single garage with internal access, ensuring this home meets healthy homes standards and is a savvy addition to any portfolio.

With a government capital value (CV) of $345,000 as of July 2022, this property has seen a remarkable increase of 68.29% from its $205,000 CV in July 2019. The HouGarden AVM estimates the property's value at $330,000, while the latest sale record dates back to November 3, 2000, at $66,500. This investment opportunity is further enhanced by the desirable school zones, with Craighead Diocesan School, a decile 9 secondary school, and Roncalli College, a decile 7 secondary school, in close proximity.

For the discerning investor, this property in a prime school district presents a golden opportunity. Not only does it offer the potential for continued capital growth, but it also provides access to high-quality education, making it a truly smart investment.

Updated on April 22, 2024