Located in the heart of the ever-popular farming district of Korakonui, 120 Pamotumotu Road, Maihiihi, Otorohanga, is a dairy farm spanning 88.5ha (approx) with a property category described as Dairying - Milk. This freehold property boasts a floor area of 163m² and a vast land area of 885,645m². Despite the unknown specifics regarding bedrooms, bathrooms, and car parks, the farm includes two houses with unknown wall and roof construction and condition, catering to a variety of farming operations. The property's contour and building age remain unspecified, highlighting its unique and untapped potential.
The capital value (CV) of this property has seen a growth of approximately 4.35% from $3,220,000 in August 2019 to $3,360,000 in October 2022, with a HouGarden AVM estimated at $3,145,000. The latest sale records show a significant increase from $1,492,000 in May 1996 to $3,100,000 in November 2006, indicating a strong market appreciation. The property's value and potential for profitability are evident through its past sales history and CV increase.
Situated within the school zones of Te Awamutu College (Secondary, decile 5) and Korakonui School (Full Primary, decile 8), this property offers educational opportunities in a thriving community. The farm's location and school zoning make it an attractive option for families looking to combine rural living with quality education.
Updated on April 05, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
14.70 km | 3 | 1 | 169m2 | Year 2024 Month 10 Day 29 | $595,000 | Council approved | ||
 | 14.78 km | -m2 | Year 2024 Month 10 Day 23 | - | Council approved | |||
 | 15.32 km | 3 | 116m2 | Year 2024 Month 10 Day 09 | $785,000 | Council approved | ||
 | 10.40 km | 4 | 1 | 200m2 | Year 2024 Month 08 Day 20 | - | Council approved | |
12.88 km | 0m2 | Year 2024 Month 08 Day 08 | $1,220,000 | Council approved |