15a Chicago Street, Alexandra, Otago

Located at 15a Chicago Street, Alexandra, Otago, this residential dwelling is a prime example of a property that combines comfort with potential. Built in 1983, the house sits on a generous 682m² freehold section, featuring a floor area of 80m². It comprises three bedrooms, one bathroom, and offers no dedicated car parking spaces. The property is constructed with fibrous cement walls and an iron roof, both in good condition, and presents a level contour. The interior has been freshly repainted, ready for the new owners to either enhance further or enjoy as is. The open plan living area, warmed by a woodburner and heat pump, opens out to a deck and a large, fully fenced backyard, offering ample space for landscaping and potential to add a garage while still retaining plenty of off-street parking.

From a financial perspective, the property has shown significant growth, with the capital value increasing from $370,000 in September 2019 to $495,000 in October 2022, marking a 33.78% increase. The latest HouGarden AVM estimates the property's value at $485,000. Historical sales data reveals a steady appreciation in value, with sales recorded at $195,000 in April 2011 and $350,000 in November 2018. This trend underscores the property's solid investment potential and its appeal as a first home, holiday home, investment, or family residence.

The property is zoned for The Terrace School (Alexandra), a full primary school with a decile rating of 8, indicating a high level of community socio-economic advantage. Its location is ideal for families, being within walking distance to schools/daycares, close to the Rail Trail for outdoor activities, and just minutes away from the town center. This home is not just a place to live; it's an opportunity for a fresh start and a promising investment.