10 Old Bridge Road, Alexandra, Otago

Nestled in the prime location of 10 Old Bridge Road, Alexandra, Otago, this residential vacant land boasts a generous 480m2 of freehold property. With no covenants, it offers the unique opportunity to build your dream home to any style or size. The property, with an unknown roof and wall construction, presents a blank canvas for creativity. The capital value as of October 1, 2022, stands at $350,000, reflecting a promising investment in a location where land is scarce. Just a short stroll to the riverside and cycling tracks, and a mere five minutes into town, this property is not only about the freedom to build but also about the convenience of living.

History shows a consistent rise in value with the latest sale on July 11, 2024, fetching $340,000. The HouGarden AVM estimates the property’s worth at $995,000, indicating a significant growth potential. The capital value has seen a substantial increase over the years, making this a wise investment for the future.

For families with children, the property falls within the catchment area of Alexandra School, a full primary with a decile rating of 8. This indicates a high-quality education facility within walking distance. With such a superb location and the freedom to build, this property is truly a rare find in today’s market.

Updated on August 28, 2024