132 Centennial Avenue, Alexandra, Otago

Located at 132 Centennial Avenue, Alexandra, Otago, this charming residential dwelling boasts a mid-century design ideal for first-time home buyers or savvy investors. The property features three bedrooms, one bathroom, and one carpark, spread over a generous floor area of 134 square meters on a substantial 911 square meter freehold land. Constructed in 1960 with concrete walls in good condition and an iron roof in average condition, the house sits on a level contour, presenting a blend of modern retro charm and practical living spaces. The open plan kitchen/dining area, complemented by a separate lounge and a versatile conservatory, is bathed in natural light, enhancing the home's welcoming atmosphere. A woodburner in the lounge and a heat pump in the hallway ensure comfort throughout the seasons, while the spacious, fully fenced backyard offers ample space for outdoor activities.

The property has seen a significant increase in capital value, from $430,000 in September 2019 to $620,000 in October 2022, marking a 44.186% growth. The latest sale in December 2023 recorded a price of $570,000, following a previous sale at $382,000 in May 2017. The HouGarden AVM estimates the property's value at $592,500, reflecting its desirability and investment potential.

Situated within the zone for Alexandra School, a full primary institution with a decile rating of 8, the property promises a quality education for young residents. This location combines the benefits of a peaceful residential setting with access to reputable schooling, making it an attractive option for families.

Updated on April 06, 2024.