5 Theyers Street, Alexandra, Otago

Nestled on a serene cul-de-sac in Alexandra, Otago, this charming 5-bedroom, 2-car park property is a freehold delight. Constructed in 1940 with wooden walls and an iron roof, it offers a comfortable 201 square meters of floor area on a levelled 728 square meter plot. The residence, formerly known as Marj's Place, features an open-plan living space with a commercial-grade kitchen and ample storage, complemented by a private master suite and four additional bedrooms. With a CV of $770,000 as of October 2022, it has shown a remarkable growth of 35.09% since September 2019. The HouGarden AVM estimates the property at $740,000, while the latest sales history shows a significant increase from $22,000 in 1998 to $86,000 in 2002.

Boasting a CV increase that outpaces the market, this property also holds potential as a guest lodge accommodation with a separate kitchen and living area, already NZBC certified. Central heating, a study nook, dedicated office, and a spacious laundry further enhance the living experience. The property is served by the Alexandra School, a full primary with a decile rating of 8, ensuring quality education within the community.

Whether for versatile family living or a lucrative income opportunity, this property on Theyers Street is a wise investment in a sought-after school zone.

Updated on April 19, 2024