1/16 Kenmare Street, Alexandra, Otago

Introducing a stylishly renovated two-bedroom unit at 1/16 Kenmare Street, Alexandra, Otago, that effortlessly combines modern comfort with a prime location. This residence, part of a Cross-Lease ownership, boasts a floor area of 70 square meters, featuring a recently installed kitchen and bathroom that showcase contemporary design and functionality. The property is complemented by a delightful outdoor deck and garden area, perfect for hosting friends and family, and includes the convenience of a carport. Constructed in 1970, the building has good condition concrete walls and an iron roof, situated on a level property contour.

The capital value of this property has seen a significant increase, from $345,000 in September 2019 to $465,000 in October 2022, marking a 34.78% growth. The latest HouGarden AVM estimates the property's value at $455,000. Its sale history reveals a steady appreciation, with the latest transactions recorded at $250,000 in December 2016 and $225,000 in December 2015.

Located in a desirable school zone, the property falls under the jurisdiction of Alexandra School, a Full Primary institution with a decile rating of 8, indicating a high level of socio-economic advantage among its community. This makes the property an excellent choice for families looking for quality education options.

Updated on March 25, 2024.