Nestled in the picturesque Dungannon Street of Ranfurly, Otago, this charming 3-bedroom, 1-bathroom residence with 2 car parks is a perfect blend of vintage appeal and modern convenience. Constructed in 1950 with wood walls and an iron roof, this freehold property sits on a level contour, boasting a floor area of 92sqm and a generous land area of 2606sqm. Enjoy the big sky vistas and majestic views of the Hawkdun and Kakanui Mountains from this centrally located haven. The property's Capital Value (CV) has seen a remarkable increase of 56%, from $260,000 in September 2019 to $405,000 as of October 2022. HouGarden AVM estimates the property's value at $402,500, closely aligning with the latest government valuation. The property's latest sale was in June 2001 for $15,000, indicating a significant appreciation over the years. With double glazing and partial insulation, this home offers potential for further enhancements, making it an ideal investment in Central Otago's thriving property market.
For families, the property falls within a desirable school zone, ensuring access to quality education. The nearby schools, known for their high decile ratings, provide an excellent environment for learning and growth.
With its prime location, stunning views, and potential for value appreciation, this property presents a golden opportunity for both investors and families seeking a slice of paradise in the heart of Otago.
Updated on November 25, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 8.03 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 25 | $530,000 | Council approved | |
 | 7.71 km | 0m2 | Year 2024 Month 10 Day 03 | $200,000 | Council approved | |||
 | 8.02 km | 4 | 150m2 | Year 2024 Month 09 Day 13 | $470,000 | Council approved | ||
 | 7.87 km | 5 | 292m2 | Year 2024 Month 08 Day 20 | $700,000 | Council approved | ||
 | 7.75 km | 5 | 260m2 | Year 2024 Month 08 Day 13 | $261,000 | Council approved |