59 Dunstan Road, Alexandra, Otago

This vacant residential section at 59 Dunstan Road, Alexandra, Otago, offers a blank canvas for those looking to build a new home. With no existing bedrooms, bathrooms, or floor area, the property spans 790 square meters of level land and comes with a double garage already on site. Ownership is freehold, ensuring full rights to the land. The property's construction details, including wall and roof, are unknown, highlighting its status as a vacant lot ready for development.

From a financial perspective, the capital value (CV) of this property has seen a significant increase, from $295,000 in September 2019 to $395,000 in October 2022, marking a 33.9% growth. The latest sale, recorded on December 28, 2023, was at $325,000, slightly below the HouGarden AVM of $377,500. This growth trajectory underscores the property's increasing value and potential for investment.

For families considering the educational opportunities in the area, The Terrace School in Alexandra, a full primary school with a decile rating of 8, serves the local community. This property's location near the Otago Central Rail Trail, cafes, and schools, combined with its potential for a custom-built home, makes it an attractive option for prospective homeowners.

Updated on April 06, 2024.