Nestled in the serene Hatfields Beach, at 22 Otanerua Road, this charming 4-bedroom, 2-carpark residence is a freehold property built in 1954 with a floor area of 134m2 on a spacious 1012m2 section. The home boasts a fibrous cement exterior, an iron roof in good condition, and a layout that includes a large separate lounge with a fireplace. The property, with an easy/moderate rise contour, is a gem waiting to be polished through renovation or development. Its Capital Value (CV) as of June 2021 stands at $925,000, reflecting a 34.1% increase since July 2017.
History shows a latest sale in 2004 for $290,000, and an even earlier one in 1991 for $100,000. The HouGarden AVM estimates the property's worth at $917,500. This is a rare opportunity that presents itself after 33 years on the market, an estate sale that's hard to miss.
For families with school-aged children, the property falls within the zones of Orewa Beach School, a contributing school with a decile rating of 7, and Orewa College, a secondary school with a decile rating of 9. The location is ideal, being a short 400 meters from the beach and boat ramp, and just over the hill from the vibrant Orewa.
Updated on November 22, 2024