Built in the1970s, this attractive 3-bedroom, freehold property is located at 4 Mace Crescent, a quiet cul-de-sac in Otorohanga. Constructed with durable brick walls and an iron roof in good condition, the home sits on a level 620m2 section with a single car park. The property has seen a significant Capital Value (CV) increase of 45.45% from $385,000 in August 2019 to the current $560,000 as of October 2022. The HouGarden AVM estimates the property's value at $537,500, while the latest sale in May 2019 was for $371,000.
With a CV on the rise and a decile 4 rating, Otorohanga South School, a full primary, is in the property's school zone. The property is 'Healthy Homes' compliant, tenanted at $500.00 per week, and features a combined kitchen-dining area, a sunny family lounge, three spacious bedrooms, and a functional family bathroom. Investors and first home buyers will appreciate the potential for modernisation and value addition in this solid starter property.
Set in a convenient location, close to town and schools, this property offers a peaceful lifestyle in a friendly neighborhood. The flat, easy-care section allows for further development, while the detached garage with a rear workshop adds practical value. This is an excellent opportunity to secure a property with loads of potential and a promising investment outlook.
Updated on October 24, 2024
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.41 km | 3 | 1 | 90m2 | 2024 10 23 | - | Council approved | |
 | 1.00 km | 2 | 1 | 124m2 | 2024 07 31 | - | Council approved | |
0.28 km | 3 | 1 | 103m2 | 2024 07 18 | - | Council approved | ||
0.45 km | 3 | 1 | 220m2 | 2024 07 01 | - | Council approved | ||
 | 0.24 km | 3 | 1 | 100m2 | 2024 06 25 | - | Council approved |