61 Tyrone Street, Ranfurly, Otago

Nestled on a spacious 4021m2 section in the serene Ranfurly, Otago, lies a stately five-bedroom residence with a rich history. This freehold property, built in 1920, boasts an average condition brick exterior and a tiled roof. It's a tragedy that this much-loved home, once a doctor's residence, suffered a fire in 2022. Despite the mishap, it retains its charm with a country-style kitchen, dining area, sunroom-study, a formal lounge, and two converted consultation rooms on the lower level. The upper level features three large bedrooms, one with a balcony, a separate toilet, and a modern bathroom. With a current Capital Value (CV) of $350,000, a HouGarden AVM of $475,000, and a CV increase of -26.32%, this property offers potential. The latest sales history shows a sale in 2024 for $261,000 and another in 2019 for $431,500. This home in a quiet cul-de-sac calls for tradies to restore its grandeur. Offers over $280,000 are invited.

History and potential converge in this property which has seen a decrease in CV but holds a HouGarden AVM that reflects its true worth. The latest sales reflect a fluctuating market, yet this home's allure remains. It's a prime opportunity for those looking to invest in a property with a story to tell.

For families, the school zone is a significant draw. The local schools boast impressive decile ratings, ensuring quality education for the young ones.

Updated on September 18, 2024