676 Puketarata Road, Otorohanga, Otorohanga

Nestled on the serene Puketarata Road, this intriguing freehold property boasts a vast 8.2036 hectares of north-facing vacant land. With no building covenants, it presents a unique opportunity for tiny homes, barn houses, or transportable homes. The property, previously forestry land, offers expansive views and a generous land area at an unusually affordable price, making it an attractive prospect for investors. The current Capital Value (CV) stands at $870,000, reflecting a rapid growth potential. The unknown roof and wall construction add a touch of mystery to this alluring lifestyle property.

History shows a promising trend with the property's CV, which has seen a significant increase. The HouGarden AVM estimates the property's worth at $852,500, a figure that aligns with the recent sale history. This indicates a healthy growth percentage, making it an appealing investment in the eyes of many. The property's potential is further enhanced by its location, convenient to both Te Awamutu and Otorohanga.

For families with children, the property falls within the Kio Kio School zone, a Full Primary with a decile rating of 8. This indicates a high standard of education in a sought-after school district, adding to the property's allure and long-term value.

Updated on November 26, 2024