47 Rangitahi Street, Otorohanga, Otorohanga

Nestled on a spacious and level 789sqm section at 47 Rangitahi Street, Otorohanga, this 1952-built, freehold property offers a promising opportunity for investors and homeowners alike. The three-bedroom, one-bathroom dwelling with a single carpark boasts exterior walls constructed of wood and an iron roof, both in average condition. The interior is warmth-optimized with a heat pump and benefits from both ceiling and underfloor insulation. The property has seen a significant Capital Value (CV) increase of 78.43% from $255,000 in August 2019 to $455,000 as of October 2022, reflecting rapid appreciation. HouGarden AVM estimates the property's value at $437,500, making it an attractive prospect for potential buyers.

Historically, the latest sales were recorded in 1999 at $65,000 and 1994 at $68,000, indicating a substantial growth trajectory. This home is ideal for those looking to climb the property ladder, offering a blank canvas to add personal touches and improvements.

For families with children, the property falls within the Otorohanga South School zone, a full primary school with a decile rating of 4. This quiet cul-de-sac provides a peaceful setting, perfect for raising a family.

Updated on October 23, 2024