4 Mace Crescent, Otorohanga, Otorohanga

Built in the1970s, this attractive 3-bedroom, freehold property is located at 4 Mace Crescent, a quiet cul-de-sac in Otorohanga. Constructed with durable brick walls and an iron roof in good condition, the home sits on a level 620m2 section with a single car park. The property has seen a significant Capital Value (CV) increase of 45.45% from $385,000 in August 2019 to the current $560,000 as of October 2022. The HouGarden AVM estimates the property's value at $537,500, while the latest sale in May 2019 was for $371,000.

With a CV on the rise and a decile 4 rating, Otorohanga South School, a full primary, is in the property's school zone. The property is 'Healthy Homes' compliant, tenanted at $500.00 per week, and features a combined kitchen-dining area, a sunny family lounge, three spacious bedrooms, and a functional family bathroom. Investors and first home buyers will appreciate the potential for modernisation and value addition in this solid starter property.

Set in a convenient location, close to town and schools, this property offers a peaceful lifestyle in a friendly neighborhood. The flat, easy-care section allows for further development, while the detached garage with a rear workshop adds practical value. This is an excellent opportunity to secure a property with loads of potential and a promising investment outlook.

Updated on October 24, 2024