4 Plunket Street, Omakau, Otago

Nestled in the serene Omakau, Otago, at 4 Plunket Street, lies this charming residential dwelling on a Freehold title. Constructed in 1960 with solid brick walls and an Iron roof, this 3-bedroom, 1-carpark home spans an area of 110 square meters on a level plot of 552 square meters. The property, oozing with potential, offers an open plan living space complete with a large lounge, kitchen, and dining area heated by a woodburner and a heat pump. The government's Capital Value (CV) has seen a remarkable increase of 46.15% from $325,000 in 2019 to $475,000 as of 2022, reflecting its growing worth. The HouGarden AVM estimates the property's value at $465,000, while the latest sale on July 2, 2024, fetched $485,000, indicating a strong market interest.

Notably, the property's latest sale price is a testament to its appeal, with a $10,000 increase from the government's valuation. This affordable brick bungalow is not just a home but a sound investment with a promising future. Its average wall and roof conditions provide a solid foundation for any cosmetic enhancements or upgrades, adding further value to this already attractive property.

For families with children, the property falls within a desirable school zone. The local school's high decile rating ensures quality education is within walking distance, along with convenient access to cafes, hotels, and shops. The nearby Otago Central Rail Trail adds to the area's charm, making this a perfect blend of comfort, convenience, and community.

Updated on August 07, 2024