Nestled in the coveted Otahuhu area, this 1935-built, 3-bedroom, 1-bathroom residential dwelling with an 85sqm floor area and a 675sqm freehold section presents an inviting opportunity. The charming house, complete with iron roofing and wooden exterior walls in average condition, is complemented by a modern kitchen, separate lounge, study room, and a converted double garage for additional utility space. With a capital value of $910,000 as of June 2021, it has seen a growth of 42.19% since July 2017. The HouGarden AVM estimates the property at $847,500, while the latest sales were recorded at $705,000 in 2023 and $313,000 in 2012. This property falls within the Otahuhu College zone, a secondary school with a decile rating of 1, making it an attractive prospect for families.
History and potential are evident in the property’s value trajectory, with a clear indicator of capital appreciation that should entice investors and homeowners alike. The quiet and level street frontage adds to the appeal, offering both tranquility and convenience.
For families with educational considerations, the property is within a highly-regarded school zone, ensuring access to quality education. This combination of classic charm, growth potential, and educational benefits makes this property a rare find in the Auckland real estate market.
Updated on June 04, 2024