Nestled on a spacious 655m2 section in a quiet cul-de-sac of Te Kawa Street, Otorohanga, this charming 2-bedroom, 1-bathroom residence boasts a freehold title and a capital value that has seen a rapid increase of 28.3% since 2019. Constructed in 1982 with mixed materials for the walls and iron for the roof, the property is well-maintained with a good wall and roof condition. The single-level dwelling features an open-plan lounge/kitchen that opens up to a large, covered entertainment deck, perfect for year-round gatherings. The property also includes a separate cabin with additional laundry and shower facilities, and a guest/family double bedroom. A highlight is the 8 x 5 high-stud garage, ideal for boat storage or large projects. With eco-friendly additions like gas water heating, solar panels, and water tanks for rainwater collection, this home is not just cozy but also environmentally conscious. It is complemented by an elevated planter box for home-grown vegetables and a fully fenced, low-maintenance rear garden. The property falls within the Otorohanga South School zone, a full primary with a decile rating of 4. The latest sale history and HouGarden AVM reflect a strong market value, with offers starting from $520,000.
Since August 2019, the capital value has surged from $265,000 to the current $340,000, indicating a promising investment. The property's HouGarden AVM stands at $325,000, while the latest sales on April 9, 2024, and November 13, 2019, were recorded at $520,000 and $275,000 respectively, showcasing a consistent increase in property value.
For families with children, the property is located in the desirable Otorohanga South School zone, known for its decile rating of 4, ensuring quality education for young ones.
Updated on May 02, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Otorohanga South School | 0.90 km | Primary | 1-8 | Government | Co-Educational | EQI: 480 | 4 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.69 km | 4 | 2 | 180m2 | Year 2024 Month 03 Day 13 | $481,500 | Council approved | |
 | 0.19 km | 3 | 112m2 | Year 2024 Month 02 Day 16 | $480,000 | Council approved | ||
0.60 km | 3 | 129m2 | Year 2024 Month 01 Day 10 | $537,000 | Council approved | |||
 | 0.19 km | 3 | 136m2 | Year 2023 Month 12 Day 18 | $456,000 | Council approved | ||
0.77 km | 3 | 143m2 | Year 2023 Month 12 Day 06 | $575,000 | Council approved |