Nestled in a serene cul-de-sac at 80 Otaki Street, Kaiapoi, Waimakariri, this charming 1960s brick bungalow on a freehold 958sqm section boasts a capital value that has surged by 50.65% since 2019. With 3 bedrooms, this residence features a mix of joinery, some with double glazing, and is enhanced by a heat pump and woodfire for comfort. The large double garage and additional parking make it ideal for families. The property is valued at $580,000 as per the latest government valuation, with a HouGarden AVM of $582,500. Notably, the latest sale history shows a transaction at $556,000 in 2024 and $375,000 in 2018.
With a CV increase that outpaces the market, this property is a sound investment. The government valuations reflect a jump from $385,000 in 2019 to the current $580,000, indicating strong growth potential.
For families with children, the property falls within the catchment area of well-regarded schools such as Rangiora New Life School (decile 9), Kaiapoi Borough School (decile 5), Kaiapoi High School (decile 7), Christchurch Adventist School (decile 5), and Marian College (decile 8), ensuring access to quality education.
Updated on September 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.26 km | 3 | 101m2 | Year 2024 Month 12 Day 18 | $265,000 | Council approved | |||
 | 0.27 km | 3 | 2 | 140m2 | Year 2024 Month 11 Day 19 | $475,000 | Council approved | |
 | 0.04 km | 3 | 1 | 110m2 | Year 2024 Month 10 Day 23 | - | Council approved | |
 | 0.35 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 14 | - | Council approved | |
0.21 km | 2 | 124m2 | Year 2024 Month 09 Day 10 | $618,000 | Council approved |