32 Old Te Kuiti Road, Otorohanga, Otorohanga

Nestled on a generous 2881m² of land, this freehold property at 32 Old Te Kuiti Road, Otorohanga, offers a unique blend of country living with the convenience of town proximity. The absence of building covenants opens doors to a variety of housing options, including tiny homes and pre-loved transportables, along with the possibility of detached garaging. The property boasts an unknown roof and wall construction, which adds to its potential for customization. With a capital value that has seen a rapid increase of 37.5% from $240,000 in August 2019 to $330,000 as of October 2022, this property is not just a home but a sound investment. The latest sale in February 2024 for $215,000 presents an interesting market comparison.

Valuations are impressive with the HouGarden AVM estimating the property at $315,000. This is a site that promises a lifestyle with easy/moderate rise contours, perfect for those seeking a tranquil escape while still being within walking distance to town amenities. Why settle for a smaller section when you can have nearly half an acre for the same price as an 800m² plot?

For families with children, the property falls within the catchment of Otorohanga South School, a full primary with a decile rating of 4. This serene cul-de-sac offers a country feel on a town section, making it an attractive proposition for those looking to balance lifestyle and convenience.

Updated on April 11, 2024