446 Letts Gully Road, Alexandra, Otago

This lifestyle property at 446 Letts Gully Road, Alexandra, Otago, encapsulates the essence of spacious living with its 4 bedrooms, 2 bathrooms, and 2 car parks. Spanning a floor area of 229 sqm on a substantial 20,000 sqm freehold land, the property boasts a brick exterior with an iron roof, both in good condition. Built in 1940, it presents a level contour and is categorized as 'Lifestyle - Improved'. The interior features include a modern kitchen with ample storage and soft-close cabinetry, woodburner and ducted heat pump for heating, and a master bedroom with a walk-in robe. The property also offers a dedicated office space, 3-car garaging, and well-maintained grounds with lawn pop-ups, garden drippers, veggie patches, and a water holding dam.

The capital value of this property has seen a significant increase, from $1,005,000 in September 2019 to $1,260,000 in October 2022, marking a 25.37% growth. The HouGarden AVM estimates its value at $1,235,000. Historical sales data reveals transactions at $441,667 in July 2015 and $360,000 in July 2008. This property's allure is further enhanced by its potential for spacious living, modern amenities, and a tranquil environment, with buyer enquiry over $1,255,000.

Located within the zone for The Terrace School (Alexandra), which is a Full Primary school with a decile rating of 8, this property promises a conducive environment for family living. Its unique blend of historical charm, modern conveniences, and educational opportunities makes it an attractive option for potential buyers.

Updated on March 21, 2024.