Embrace the potential of this distinctive property nestled in the core of Horotiu. Set on a generous 1014sqm freehold section, this dual-dwelling investment is a renovator's dream. The main residence boasts four bedrooms, complemented by a well-maintained wooden exterior and robust iron roof. Built in 1970, this property offers a prime opportunity on a level contour with a single carpark. The government's capital value (CV) has remained stable at $680,000 since 2023, while HouGarden's AVM estimates a value of $660,000. The latest sale history shows a significant increase from $134,250 in 1996 to $572,000 in 2024. With a CV growth rate of 0.0%, this property presents a solid investment. Educationally, it falls within the zones of Fraser High School (Decile 4) and Horotiu School (Decile 3), ensuring quality education for the family. Whether you seek a multi-generational living arrangement or a home and income opportunity, this property is a rough diamond waiting to be polished.
For those with a vision for transformation, the main house, featuring three bedrooms and one bathroom, is ripe for renovation. The converted garage offers a self-contained one-bedroom unit with open-plan living, kitchenette, and bathroom, ideal for guests or rental income. This property's versatility extends to a carport and separate sleepout, enhancing its potential. Don't miss the chance to turn this ultimate do-up opportunity into a renovation masterpiece in Horotiu.
With a prime location and ample space, this property is enveloped within a desirable school network. The nearby Fraser High School and Horotiu School provide quality education, adding to the appeal of this property. It's time to bring your tools and creativity to unlock the hidden value of this property, making it a truly special addition to your real estate portfolio.
Updated on August 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.09 km | 5 | 4 | 650m2 | Year 2024 Month 12 Day 06 | $3,400,000 | Council approved | |
 | 0.48 km | 4 | 2 | -m2 | Year 2024 Month 11 Day 01 | $790,000 | Council approved | |
 | 0.99 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 03 | $772,000 | Council approved | |
 | 1.03 km | 5 | 402m2 | Year 2024 Month 08 Day 02 | $1,450,000 | Council approved | ||
 | 0.80 km | 3 | 1 | -m2 | Year 2024 Month 07 Day 30 | $585,000 | Council approved |