3366 Ida Valley Road, Oturehua, Otago

Located at 3366 Ida Valley Road, Oturehua, Otago, this historic property, once serving as the Oturehua police home and jail, offers a unique blend of history and comfort. The residence, constructed in the 1940s, features 3 bedrooms, 1 bathroom, and 3 carparks, spread over a floor area of 138 square meters and a generous land area of 1223 square meters. The freehold property boasts wood wall construction and an iron roof, both in good condition, and sits on a level contour. The home has been thoughtfully updated, including double glazing, a woodfire, and a modern wood-burning stove, while preserving many original features and repurposing materials like doors to fit the new design. The property also includes numerous sheds and an industrial shed, ideal for storage or projects, all within a 40-minute drive from Alexandra and two hours from either Queenstown or Dunedin.

The property's capital value has seen significant growth, with the latest sale in 1991 at $28,300 and a current HouGarden AVM of $165,000, indicating a robust increase in value. This growth, coupled with the property's rich history and modern comforts, makes it an attractive investment or lifestyle opportunity.

Education is well catered for, with the property situated in a desirable school zone, ensuring access to quality education. The unique combination of historical significance, modern amenities, and educational opportunities makes this property an exceptional choice for those seeking a distinctive home or investment in Central Otago.