Development potential in rapidly growing town
A 1.6 hectare block of flat land with historic connections to the development of Cambridge is for sale.
Bayleys saleswoman Kelly Grice said the rectangular block, in three lots and owned by the Waipa District Council, was once the source of sand used in the construction of many of Cambridge’s first sealed roads.
It has the potential to site 22 new homes on 700 square metre sections and is accessible from three sides – Vogel, Taylor and King streets.
The site is among a number of real estate offerings around the rapidly growing township.
Bayleys’ Cambridge manager Alistair Scown said the property was adjacent to the Vogel St park, which was one of the reserves put aside many years ago.
‘‘The new highway (Waikato Expressway) has been a huge asset to the town,’’ Scown said.
‘‘The whole zone from Hamilton to Cambridge is becoming a very desirable place to live.
‘‘The town has jumped outside the green belt and all sorts of sections are in demand, from the bigger 3000sqm to the smaller 500sqm to 600sqm townhouse blocks; every part of the market is in demand.’’
Scown said people were coming from Auckland and even from Tauranga to enjoy the village atmosphere of Cambridge.
‘‘We’ve got the St Kilda subdivision out towards Maungakawa, Cambridge Park on the Te Awamutu side, a new northern block along the highway, and we are just about to be involved in a new development along the Roto O Rangi Rd to the south.’’
District council data shows the district’s population is expected to increase by 25,000 people by 2050. Cambridge is expected to expand by 14,000 people and need 212 new houses a year.
An additional 10,500 dwellings are expected to be built in Cambridge, Te Awamutu and Kihikihi over that time.
Cambridge has two growth cells planned, allowing for 3500 houses and two new shopping centres.
The town will need new infrastructure investment including water, wastewater and stormwater systems to cope with the growth, according to the district council.
Much of the development will be on flat land where stormwater soakage is poor and tougher discharge standards will be required.