83 Russell Street, Alexandra, Otago

Nestled at 83 Russell Street, Alexandra, Otago, this charming residential dwelling on a freehold title boasts 3 bedrooms, a single carpark, and a floor area of 109 square meters on a level plot of 360 square meters. Constructed in 1970 with concrete walls and an iron roof, both in good condition, this home is ready for a family to move in. The property has seen a significant increase in Capital Value (CV), rising from $345,000 in September 2019 to $460,000 as of October 2022, indicating a growth rate of 33.33%. The house features a comfortable lounge flowing into a sunny conservatory, a partly modernized kitchen with a dishwasher, and ample storage. Each of the 3 double bedrooms comes with built-in wardrobes. For warmth, there's a log burner, heat pump, and a new heat transfer system, complemented by insulated walls and double glazed windows with thermal curtains. The bathroom is equipped with both a bath and separate shower. A bonus is the off-street parking and a large garden shed. It's an easy stroll to The Terrace School, a full primary with a decile rating of 8. The property is valued at $460,000 by HouGarden AVM, and the latest sale in the area was for $525,000 in August 2024, making this a must-see on your list.

With a CV increase that outpaces the market and a prime school zone, this property offers not just a spacious family home but also a sound investment. The location, near Industrial Lane Cafe and the Rail Trail, adds to the appeal.

For those with children, the proximity to The Terrace School is ideal, ensuring a quality education in a family-friendly environment.

Updated on September 04, 2024