19 Gradara Avenue, Otorohanga, Otorohanga

Nestled in the esteemed 19 Gradara Avenue of Otorohanga, this charming residence boasts a freehold title on an 809sqm plot. Constructed in 1940 with fibrous cement walls and tiled roofing, the property enjoys an average condition both inside and out. It comprises 3 bedrooms, 1 bathroom, and a single carpark, with a floor area of 83sqm. The home is graced with a warm, inviting ambiance, fresh carpeting, and the comfort of an open fireplace, making it an ideal space for family living. Outside, the easy-to-moderate fall contour of the land is complemented by a fully fenced section, large workshop, and the serenity of a quiet cul-de-sac.

From a financial perspective, the property has seen a CV increase from $240,000 in August 2019 to $440,000 as of October 2022, indicating a growth rate of 83.33%. The HouGarden AVM estimates the property's value at $437,500. Notably, the latest sale history includes transactions in 2013 for $110,000 and in 2007 for $160,000, showcasing the property's consistent appeal and investment potential.

For families with children, the property falls within a highly regarded school zone. With excellent decile ratings, the local schools ensure a quality education for the kids, adding further value to this already attractive property.

Updated on November 19, 2024