40 Rangitahi Street, Otorohanga, Otorohanga

Located at 40 Rangitahi Street, Otorohanga, this freehold residential dwelling boasts 3 bedrooms, 1 bathroom, and 1 carpark, covering a floor area of 78m² on a generous land area of 734m². Constructed in 1950 with iron walls and roofing, the property is in good condition with the walls and average condition with the roof, all set on a level contour. This property is perfect for investors or DIY enthusiasts ready to enhance the kitchen and bathroom, address minor repairs, and apply a fresh coat of paint. It features low maintenance exterior cladding, a spacious section, and the convenience of a carport with storage. Plans are underway for a full carpet replacement, with the vendor open to negotiation considering this upgrade.

The property has seen a significant capital value increase from $245,000 in August 2019 to $445,000 in October 2022, marking an 81.63% growth. The HouGarden AVM estimates its value at $437,500. Recent sales include $290,000 in April 2023 and $410,000 in January 2024. The property is within the Otorohanga South School zone, a full primary school with a decile rating of 4, indicating a commitment to providing quality education.

This home is not just a building; it's an opportunity waiting for the right touch. With its strategic location, significant value increase, and potential for further enhancement, it represents an excellent investment or project for those looking to make their mark. Don't miss out on this chance to transform and capitalize on this promising property.