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83 Russell Street, Alexandra, Otago, 3 Bedrooms, 0 Bathrooms, House

Sold: $525,000

Sold on 2024 Year 2024 Month 08 Day 01

83 Russell Street, Alexandra, Otago

3
109m2
360m2

Nestled at 83 Russell Street, Alexandra, Otago, this charming residential dwelling on a freehold title boasts 3 bedrooms, a single carpark, and a floor area of 109 square meters on a level plot of 360 square meters. Constructed in 1970 with concrete walls and an iron roof, both in good condition, this home is ready for a family to move in. The property has seen a significant increase in Capital Value (CV), rising from $345,000 in September 2019 to $460,000 as of October 2022, indicating a growth rate of 33.33%. The house features a comfortable lounge flowing into a sunny conservatory, a partly modernized kitchen with a dishwasher, and ample storage. Each of the 3 double bedrooms comes with built-in wardrobes. For warmth, there's a log burner, heat pump, and a new heat transfer system, complemented by insulated walls and double glazed windows with thermal curtains. The bathroom is equipped with both a bath and separate shower. A bonus is the off-street parking and a large garden shed. It's an easy stroll to The Terrace School, a full primary with a decile rating of 8. The property is valued at $460,000 by HouGarden AVM, and the latest sale in the area was for $525,000 in August 2024, making this a must-see on your list.

With a CV increase that outpaces the market and a prime school zone, this property offers not just a spacious family home but also a sound investment. The location, near Industrial Lane Cafe and the Rail Trail, adds to the appeal.

For those with children, the proximity to The Terrace School is ideal, ensuring a quality education in a family-friendly environment.

Updated on September 04, 2024

Council Data

Last update : 2024 12 11
Improvement value$180,000Increased by 24% from year 2019
Land value$280,000Increased by 40% from year 2019
CV(Year 2022 Month 10)$460,000Increased by 33% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Land area360m²
Floor area109m²
Decade of construction1970
Title899722
Type of titleFreehold
Legal descriptionLOT 1 DP 538871
CouncilOtago
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 538871,360m2
ConstructionExternal Walls: Concrete
Roof: Iron
ConditionExternal Walls: Good
Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
The Terrace School (Alexandra)
0.17 km
Primary
1-8
Government
Co-Educational
EQI: 437
8

Property history

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For developers

Unitary plan:-
Land:360m²
Title:Freehold

Surrounding facilities

Russell Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
32a Station Street, Alexandra
0.27 km
3
1
110m2
Year 2024 Month 10 Day 23
-
Council approved
19 Gregg Street, Alexandra
0.57 km
2
1
150m2
Year 2024 Month 09 Day 24
-
Council approved
9B Chicago Street, Alexandra
0.27 km
3
1
89m2
Year 2024 Month 09 Day 03
-
Council approved
11 Spencer Street, Alexandra
0.51 km
3
2
117m2
Year 2024 Month 08 Day 02
-
Council approved
41 Station Street, Alexandra
0.57 km
3
1
190m2
Year 2024 Month 07 Day 19
-
Council approved

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