51b Otaki Street, Kaiapoi, Waimakariri

Nestled in the serene cul-de-sac of Otaki Street, Kaiapoi, this charming 2-bedroom, 1-bathroom residence with a single carport is a gem for first-time buyers, retirees, or savvy investors. Constructed in 1990 with robust brick walls and iron roofing, this cross-lease property sits on a level contour, maintaining a good condition both inside and out. The floor area spans a comfortable 70 square meters, while the private, fenced backyard provides a peaceful retreat. Notably, the property's Capital Value (CV) has seen a substantial increase from $320,000 in August 2019 to $475,000 as of July 2022, reflecting a growth rate of 48.4375%. The HouGarden AVM estimates the property's worth at $455,000, with the latest sale recorded at $327,000 in May 2019, following a previous sale in August 2013 at $254,000.

For families with school-aged children, the property falls within the catchment of esteemed institutions such as Rangiora New Life School with a decile rating of 9, Kaiapoi Borough School at decile 5, Kaiapoi High School at decile 7, Christchurch Adventist School at decile 5, and Marian College at decile 8, ensuring access to quality education.

With convenient access to the motorway and local amenities, this property offers both comfort and convenience. The efficient heat pump system ensures year-round temperature control, and the covered deck extends living space to the outdoors. This property is a fantastic opportunity to secure a foothold in the property market or expand your investment portfolio. Don't let this chance slip by in this vibrant and friendly neighborhood.

Updated on April 23, 2024