1/1288 Alexandra Street, Te Awamutu, Waipa

Nestled in a serene cul-de-sac at 1/1288 Alexandra Street, Te Awamutu, this charming residential dwelling on a cross-lease title boasts a capital value that has seen a remarkable increase of 61.29% from $310,000 in 2019 to $500,000 in 2022. Constructed in 1950 with wood walls and an iron roof in good condition, the property offers 3 bedrooms, 1 bathroom, and a heat-pumped lounge. The kitchen features a generous walk-in pantry and ample bench space. The flat, level section is well-fenced and presents an opportunity for further development. For families, the property falls within the Te Awamutu College (Year 9-15), Te Awamutu Primary School, and Te Awamutu Intermediate, all with a decile rating of 5. The HouGarden AVM estimates the property's value at $480,000, while the latest sales history shows a significant increase from $75,000 in 1997 to $62,800 in 2003.

This is an ideal opportunity for first homebuyers or investors looking to add a promising property to their portfolio.

Updated on October 15, 2024